Menu

Qualcomm’s Veoneer Takeover Move Shows Big Automotive Ambitions

The News: Qualcomm Incorporated (NASDAQ: QCOM) today announced it has submitted an offer to acquire Veoneer for $37 per share, in an all-cash transaction. Our offer has been approved by Qualcomm’s Board of Directors, does not require Qualcomm stockholder approval, and has no financing conditions. Read the full press release in Qualcomm’s newsroom. 

Analyst Take: This morning, Qualcomm announced an aggressive move, furthering its ambitions in the Automotive space as the company seeks to attract the support of Veoneer investors despite its recent decision to accept a lower bid via tier 1 Canadian-based tier 1 automotive supplier, Magna. 

While Veoneer isn’t a household name, the company has an innovative breadth of offerings in the connected vehicle space, with Qualcomm likely most interested in its ADAS (advanced driver-assistance systems) that would instantly scale Qualcomm’s automotive offering. 

Qualcomm's Veoneer Takeover Move Shows Big Automotive Ambition
Image: Veoneer
It isn’t immediately clear if Qualcomm would plan to utilize the full stack of automotive technologies developed by Veoneer, but I am confident that the advanced ADAS capabilities are the primary focal points of this deal. Qualcomm could then choose to divest certain assets to offset the deal size.
A Deeper Dive: Why is Qualcomm After Veoneer?
Qualcomm’s decision to pursue Veoneer in a deal that will pay nearly a billion dollars more than its recent acquisition announcement shows Qualcomm’s massive commitment to expanding its automotive business.
While its automotive business is currently a smaller segment for the company, it has seen fast and significant growth, achieving +80% in the last quarter with a multi-billion dollar design pipeline indicating a much more substantial contribution to Qualcomm’s long term top and bottom line growth.
If Qualcomm can successfully sway Veonoeer shareholders to accept Qualcomm’s offer, which comes in at an 18%+ premium over the Magna deal and represents and 85+% premium to the share price on 7/22, the last full trading day prior to the Magna offer becoming public, Qualcomm will instantly see its current automotive business expand from its current focus on infotainment, telematics, and instrument cluster to being able to deliver ADAS solutions and more.
I believe this deal puts Qualcomm in the driver’s seat to drive substantial growth in the automotive space. Its current design pipeline expands and QCOM can strategically align with automotive manufacturers and tier one automotive suppliers to democratize next generation vehicle technologies–enabling greater competition to the likes of Tesla, which has been able to differentiate from the market on its complete technology package.

Futurum Research provides industry research and analysis. These columns are for educational purposes only and should not be considered in any way investment advice. Neither the Author or Futurum Research holds any positions in any companies mentioned in this article.

Other insights from Futurum Research:

Twilio Growth Accelerates in Q2 Growing 67% on Strong Demand

Qualcomm Blows Past Estimates on 5G and Growth Plays

Microsoft Sees Overall Revenue Growth Pass 20% in Q4

Image Credit: Qualcomm

Author Information

Daniel is the CEO of The Futurum Group. Living his life at the intersection of people and technology, Daniel works with the world’s largest technology brands exploring Digital Transformation and how it is influencing the enterprise.

From the leading edge of AI to global technology policy, Daniel makes the connections between business, people and tech that are required for companies to benefit most from their technology investments. Daniel is a top 5 globally ranked industry analyst and his ideas are regularly cited or shared in television appearances by CNBC, Bloomberg, Wall Street Journal and hundreds of other sites around the world.

A 7x Best-Selling Author including his most recent book “Human/Machine.” Daniel is also a Forbes and MarketWatch (Dow Jones) contributor.

An MBA and Former Graduate Adjunct Faculty, Daniel is an Austin Texas transplant after 40 years in Chicago. His speaking takes him around the world each year as he shares his vision of the role technology will play in our future.

Related Insights
CIO Take Smartsheet's Intelligent Work Management as a Strategic Execution Platform
December 22, 2025

CIO Take: Smartsheet’s Intelligent Work Management as a Strategic Execution Platform

Dion Hinchcliffe analyzes Smartsheet’s Intelligent Work Management announcements from a CIO lens—what’s real about agentic AI for execution at scale, what’s risky, and what to validate before standardizing....
Micron Technology Q1 FY 2026 Sets Records; Strong Q2 Outlook
December 18, 2025

Micron Technology Q1 FY 2026 Sets Records; Strong Q2 Outlook

Futurum Research analyzes Micron’s Q1 FY 2026, focusing on AI-led demand, HBM commitments, and a pulled-forward capacity roadmap, with guidance signaling continued strength into FY 2026 amid persistent industry supply...
Dell Technologies Q3 FY 2026 AI Orders, Backlog, and Outlook Rise
December 1, 2025

Dell Technologies Q3 FY 2026: AI Orders, Backlog, and Outlook Rise

Futurum Research analyzes Dell’s Q3 FY 2026 results, highlighting accelerating AI server demand, rack-scale deployment differentiation, and supply-chain execution amid rising memory costs....
HP Q4 FY 2025 Earnings Rise on PC Strength; FY 2026 EPS Soft
November 26, 2025

HP Q4 FY 2025 Earnings Rise on PC Strength; FY 2026 EPS Soft

Futurum Research analyzes HP’s Q4 FY 2025 results, highlighting AI PC momentum, Print subscription/industrial traction, and an AI-enabled cost program shaping FY 2026 execution amid memory inflation headwinds....
Lenovo Q2 FY 2026 Earnings Highlight Hybrid AI Mix Gains
November 25, 2025

Lenovo Q2 FY 2026 Earnings Highlight Hybrid AI Mix Gains

Futurum Research analyzes Lenovo’s Q2 FY 2026 results, highlighting AI-driven momentum across devices, infrastructure, and services....
Arm Q2 FY 2026 Earnings Highlight AI-Driven Royalty Momentum
November 10, 2025

Arm Q2 FY 2026 Earnings Highlight AI-Driven Royalty Momentum

Futurum Research analyzes Arm’s Q2 FY 2026 results, focusing on Neoverse data center momentum, CSS-driven mix shift, and ecosystem-led licensing growth as AI demand expands from smartphones to hyperscale....

Book a Demo

Newsletter Sign-up Form

Get important insights straight to your inbox, receive first looks at eBooks, exclusive event invitations, custom content, and more. We promise not to spam you or sell your name to anyone. You can always unsubscribe at any time.

All fields are required






Thank you, we received your request, a member of our team will be in contact with you.