Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Instagram Outage Disrupts Thousands of U.S. Users 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
LG Electronics Inc. will be teaming up with another company, and this time, it will be with Qualcomm Technologies Inc. The firms are collaborating to develop 5G automotive platforms, and this was confirmed by an LG executive.
The South Korean electronics company is aiming to expand its business, and one of its plans is to enter the automotive business. The company sees LG’s growth in this venture, so as a first step, it is partnering with the well-known American semiconductor, software, and wireless technology producer.
The new venture between world-renowned tech companies
As per Yonhap News Agency, LG Electronics and Qualcomm Technologies have agreed to collaborate for the creation of 5G wireless platforms that can be used for the futuristic next generation of connected automobiles.
The news of LG and Qualcomm’s plan to work together was revealed on Jan. 27. Together, they are aiming to produce and introduce some 5G connected auto services.
With regards to the partnership, the semiconductor maker said that its goal is to release reliable, connected, location-aware and intelligent vehicles for the not-so-distant future with international partners like LG, ZTE, and Continental AG. The South Korean tech company thinks that working with Qualcomm is also a good decision.
"As mobile innovation leaders, LG and Qualcomm Technologies are bringing decades of research and development experience to the automotive industry, specifically in the area of 5G automotive platforms," LG Electronics vice president, Park Jong Sun, said "Building on our long engagement with Qualcomm Technologies in the connected car segment, we believe 5G is vital to the deployment of a fully connected car platform."
The 5G auto connectivity is projected to become a common feature in vehicles. In fact, base on analytics, 75% of vehicles that will be sold in 2027 will have embedded cellular connectivity.
LG and Qualcomm’s history of partnerships
This is not the first time that LG and Qualcomm signed a deal for a new venture. The two companies have been working on some projects since 2004.
Their latest collaboration only happened in 2019 when they work together to further develop the webOS Auto, LG Electronic’s connected infotainment system in vehicles. Apparently, LG has been trying to strengthen its presence in the automotive solutions market for years now, and Qualcomm is able to help it achieve this plan.
