Benzinga | Nov 16, 2021 11:12AM EST

Qualcomm, BMW Collaborate Over Automated Driving

* German automaker Bayerische Motoren Werke AG (OTC:BMWYY) would utilize Qualcomm Inc (NASDAQ:QCOM) chips for its next generation of driver-assistance and self-driving systems.

* The new chips would serve BMW's 'Neue Klasse' series of cars, set to begin production from 2025, Reuters reports.

* Qualcomm and BMW will use a dedicated Qualcomm computer vision processing chip to analyze data from the front, rear and surround-view cameras.

* BMW will also use a Qualcomm central computing chip and another set of Qualcomm chips to help the car communicate with cloud computing data centers.

* Qualcomm, a leading supplier of chips for mobile phones, has been diversifying its business, with more than a third of its chip sales coming from sources other than handsets.

* Price Action: QCOM shares traded higher by 0.23% at $168.83 on the last check Tuesday.