Qualcomm triumphs in EU fight over connected car technology rules [Los Angeles Times (CA)]
QUALCOMM Incorporated (QCOM)
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Source: Los Angeles Times
Qualcomm triumphs in EU fight over connected car technology rules Qualcomm Inc., BMW AG and Deutsche Telekom AG clinched a victory Thursday after European Union member states scrapped new rules mandating Wi-Fi technology as the basis for how future connected cars talk to each other. The ruling is a victory for 5G technology as countries around the world prepare for the rollout of ultra-fast 5G wireless networks, which will power everything from self-driving cars to smart factories. The legislation — first proposed in March by the European Commission, the bloc’s executive — aimed to govern how future connected and automated cars in Europe send information between vehicles and infrastructure, in order to communicate about dangerous situations, road works, traffic lights and more. The companies had been urging EU legislators to veto it out of concern it would force them to make additional investments to fit a soon-to-be outdated technology, saying Wi-Fi offers poorer performance than cel
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QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website