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Automated Vehicles to Hit Roads by 2028 with Trimble-Qualcomm Collaboration
Trimble and Qualcomm are collaborating to integrate advanced positioning technology into automated vehicles.
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Trimble Inc. (NASDAQ: TRMB) has announced an expansion of its partnership with Qualcomm Technologies, Inc. (NASDAQ: QCOM) to advance positioning solutions for automated vehicles. This strategic collaboration will integrate Trimble’s ProPointGo™ positioning engine with Qualcomm’s Snapdragon Auto 5G Modem-RF Gen 2.
The goal is to achieve positioning precision within 10 centimeters, enhancing safety and performance in advanced driver assistance systems (ADAS) and cellular vehicle-to-everything (C-V2X) applications. The technology aims to support Level 2+ and potentially Level 3 autonomous driving, with vehicles equipped with this innovation expected to hit the roads by 2028.
Trimble Expands Qualcomm Partnership in Vehicle Positioning Technology
Integrating Trimble’s ProPointGo™ with Qualcomm’s Snapdragon Auto 5G Modem-RF Gen 2 represents a significant leap in vehicle positioning technology. This collaboration aims to provide precise positioning capabilities for developing advanced driver assistance systems and autonomous driving features.
By achieving positioning accuracy within 10 centimeters, the joint solution is expected to enhance the reliability and safety of automated vehicles significantly. The focus on Level 2+ and Level 3 autonomous driving underscores the potential for more sophisticated driver assistance technologies that could transform the automotive industry by 2028.
Trimble and Qualcomm Stock Performance
Trimble’s stock showed positive movement after announcing its collaboration with Qualcomm. As of January 6, 2025, Trimble’s stock opened at $70.62 and rose to $71.36 by mid-morning, reflecting investor optimism about the company’s strategic partnership.
The stock reached a day high of $72.275, indicating strong market interest. Over the past year, Trimble’s stock has seen a low of $48.6 and a high of $76.97, with a current market capitalization of approximately $17.4 billion. Key metrics such as a trailing P/E ratio of 11.93 and a forward P/E ratio of 24.51 highlight the company’s financial standing and growth potential.
Similarly, Qualcomm’s stock experienced an uptick, opening at $159.43 and reaching $162.39 by mid-morning on January 6, 2025. The stock’s day high was $163.19, reflecting positive market sentiment around the collaboration with Trimble.
Qualcomm’s stock has fluctuated between a 52-week low of $136.03 and a high of $230.63. With a market capitalization of $180.42 billion and a forward P/E ratio of 13.27, Qualcomm remains a strong player in the technology sector. Analyst recommendations suggest a “Buy” rating, with a target mean price of $204.70, indicating confidence in the company’s future performance.
Disclaimer: The author does not hold or have a position in any securities discussed in the article.
Tim Fries
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
