SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
Elon Musk Becomes World's First Trillionaire After SpaceX IPO Surge 
Anthropic Officials Meet White House Over AI Model Outage 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
Qantas Nears Launch of World’s Longest Non-Stop Flights to London and New York 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
Myanmar Economic Outlook Hit by Fuel Price Shock as World Bank Cuts Growth Forecast 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Asian Currencies Steady as BOJ Raises Rates and Markets Await Fed Decision 
SpaceX IPO Sparks Market Optimism as Shares Surge 19% on Trading Debut 
Microsoft Taps AWS to Support GitHub Amid AI Coding Boom 
Qualcomm semiconductor company is partnering with Hyundai Motor Group for an infotainment system that will be installed on the automaker’s future purpose-built vehicles (PBVs). The system will run on the chip maker’s advanced automotive solutions.
According to Korea Joongang Daily, this is the first collaboration between Hyundai Motor and Qualcomm for the infotainment system. PBVs are types of vehicles that can be used for different purposes. Its flexibility allows business owners to use the vehicle for logistics or commercial uses, depending on their requirements.
The San Diego, California-based semiconductor company said on Thursday, Aug. 4, that it will specifically supply its latest creation - the Snapdragon Automotive Cockpit Platforms - for the infotainment system in Hyundai Motor’s PBV models. It said that the same chip will also be used for the vehicle manufacturer’s other brands, such as Kia and Genesis.
Qualcomm said its Snapdragon Automotive Cockpit Platforms are designed to “achieve optimal power consumption while delivering top-level graphics and immersive multimedia and audio experiences.”
“Qualcomm Technologies has been a trusted technology partner in the automotive industry for over 20 years, with leading automakers looking to Qualcomm Technologies for our leadership, innovation and expertise,” Kwon Oh Hyung, Qualcomm’s senior vice president and president of Asia-Pacific (APAC), said in a press release. “We are excited to work with Hyundai Motor Group on PBV to provide digital in-vehicle experiences powered by the Snapdragon Automotive Cockpit platform.”
Meanwhile, Korea Bizwire reported that under the deal between Qualcomm and Hyundai Motor Group, the former’s Snapdragon solutions will be applied to the former’s infotainment system in PBVs to provide a “holistic, seamlessly connected and smart user experience.” The automaker is developing purpose-built vehicles as it seeks to further grow its mobility solutions.
Photo by: Coolcaesar/Wikimedia Commons (CC BY-SA 4.0)
