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'Driver/Occupant Monitoring
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A leading position across technology, experience and scale'
pg 11 - DMS
https://www.magna.com/docs/default-source/investor-event-documents/2021-investor-events/management-call---final---support-material-v1.pdf?sfvrsn=e0e7073d_10
pg 6:
'Transaction Benefits Key Stakeholders :
'Combined leadership position in ADAS, together withMagna's overall scale offers exciting opportunities for Veoneer’s employees and supplier partners'
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Veoneer supplier partners is unquestionably a refence to SEE and other Veoneer suppliers. It seems we may have another customer on the horizon.
Super article
"The combination of Magna and Veoneer also brings together two Tier One suppliers working on the development of driver monitoring systems using software provided by Seeing Machines. This sets up an duel between Aptiv/Smart Eye/Affectiva and Magna/Veoneer/Seeing Machines for human-machine interaction that will be fascinating to watch as the importance of driver monitoring technology becomes apparent to all in the years ahead.
There’s another obvious reason for Magna to buy Veoneer: Apple."
EE Times article
https://twitter.com/semicast_res/status/1418612612569387011?s=20
Yep, that Analyst needs to do more research...
Analyst knows the quality of Veoneers dms.......
Markets liked it...
Veoneer (VNE) Surges 37% In A Day Because It Was Acquired By Magna International: Should You Invest?
https://ownsnap.com/veoneer-vne-surges-37-in-a-day-because-it-was-acquired-by-magna-international-should-you-invest/
Seems that F150 DMS deal is worth an acquisition
https://www.bloomberg.com/news/articles/2021-07-23/magna-buys-driver-assistance-supplier-veoneer-for-3-8-billion
Magna investors will “struggle with the rationale” of the deal in the short term, Chris McNally, an analyst at Evercore ISI, said in a note, citing possible challenges with integrating certain technology and Veoneer’s recent cash burn. On the plus side, Veoneer’s radar, thermal and driver-monitoring system businesses are “of high-quality and truly complimentary” to Magna’s product offerings.
Agreed, with SEE in cahoots with the biggest ADAS players, and advanced ADAS systems set to appear in pretty much all new cars, this is great news for SEE!
Now, if only they'd sort that paper jam in their RNS machine...
Lewbo18 just wrote 'Interesting, that now links Qualcomm, Veoneer and Magna in the ADAS world...'
I think I just wet myself. World domination here we come :)
Magna is also setting up a new mirrors division facility in South Carolina, and we know where the smart mirrors will source DMS from
https://www.linkedin.com/feed/update/urn:li:activity:6823614716082962432/
And apparently Magna as with Qualcomm are very big in China.
With QC embedding SEE algos in their chip SEE might benefit in an area where we assumed they wouldn't go now that IP issues won't be an issue.....
Now, that's interesting. As the consolidation started int the ADAS space?
Interesting, that now links Qualcomm, Veoneer and Magna in the ADAS world...
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
https://www.marketwatch.com/story/magna-to-acquire-veoneer-in-bid-to-strengthen-driver-assistance-tech-business-271627000842