Stellantis, Qualcomm Partner To Power Vehicle Platforms With Snapdragon Digital Chassis Solutions - Stellantis (NYSE:STLA), Qualcomm (NASDAQ:QCOM)

Stellantis NV STLA and Qualcomm Inc 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 AMZN and Apple Inc AAPL supplier Hon Hai Precision Industry Co Ltd 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.