Ferrari and Qualcomm workforce up for tech tasks for street, racing automobiles By Reuters

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© Reuters. FILE PHOTO: The Ferrari emblem is pictured as Ferrari Roma is unveiled throughout its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane/File Picture

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ROME (Reuters) – Ferrari (NYSE:) stated on Tuesday it could accomplice with Qualcomm (NASDAQ:) Applied sciences to make use of the San-Diego based mostly group’s premium product, the Snapdragon chipsets, to speed up the sports activities carmaker digital transformation.

The deal will contain each its street automobiles and its System One racing workforce and the primary widespread tasks, together with the so-called digital cockpit, have been already recognized, the Italian group stated in a press release.

Ferrari’s new CEO Benedetto Vigna – a know-how trade veteran – stated in November Ferrari would search know-how partnerships because it strikes forward with transition towards cleaner mobility and to be able to pivot applied sciences that require excessive investments.

“Innovation requires market leaders working collectively. Due to this settlement … we increase our data in digital applied sciences and internet 3.0, areas with nice potential for automotive and motorsport,” Vigna stated within the assertion.

The Snapdragon emblem will make its debut on the F1-75 racing mannequin, the Ferrari single-seater which shall be unveiled on the firm’s headquarters in Maranello on Feb. 17.

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