- Stellantis NV (NYSE:STLA) and Qualcomm Inc (NASDAQ:QCOM) forged a multi-year technology collaboration. The financial terms of the arrangement were not disclosed.
- The alliance will help Stellantis merge all software domains into High-Performance Computers, leveraging the high-performance, low-power Snapdragon Automotive Platforms across all significant vehicle domains.
- The companies look to utilize the latest Snapdragon Digital Chassis advancements in vehicles across Stellantis' 14 automotive brands beginning in 2024.
- Stellantis will use next-generation Snapdragon Cockpit Platforms to power the in-car communication and infotainment systems for STLA SmartCockpit designed and engineered with Amazon.com Inc (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC:HNHPF) operating as Foxconn.
- The first application will be in the Maserati brand to power the next generation Stellantis infotainment system.
- Price Action: QCOM shares traded higher by 0.36% at $141.00 in the premarket on the last check Thursday.
