IoT/M2M/V2V Channel

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Qualcomm Inc. said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc. for $4.6 billion, an 18.4% premium to a bid in July by Canada's Magna International Inc. that was accepted by Veoneer's board. U.S.-listed shares of Veoneer, spun off in 2018 from air bag and seatbelt maker Autoliv, rose 28% as the stage was set for a bidding war.

Cellular-V2X (C-V2X) is a key technology which will improve road safety and accelerate autonomous driving in the coming years. Specifically, the C-V2X PC5 interface, operating in the 5.9 GHz frequency enables direct, reliable, low latency communication between vehicles (V2V), vehicles and infrastructure (V2I) and vehicles and pedestrians (V2P). In order for the automotive industry to deploy this technology in a timely manner, cooperation between suppliers in this industry becomes increasingly important.