Qualcomm makes a multi-billion-dollar bet on cars

Qualcomm’s willingness to part with US$4.5 billion for automotive tech firm Veoneer provides the strongest statement of intent to date that it is looking to the driverless car for future growth.
The US chip maker has hammered out a deal that will see it and its investor partner take control of Veoneer for $37-per-share, which is a massive premium on its stock price before the battle for its new ownership began in July. Veoneer has spent the past couple of months juggling a pair of suitors