While technology has come a long way we are now hearing about tech companies pouring money into the Internet of Things, and connected cars. And as technology continues to advance, in the future, urban transportation is expected to be electric, autonomous, and on-demand.
The vision seems to be set and is now captured as a major trend in mobility space and among automakers and tech-oriented companies alike. Against such backdrop, LG Electronics has just announced that it is now joining hands with Qualcomm to collectively research and develop autonomous driving technologies.
The company has stated that in collaboration with the US chipmaker it has opened a joint research center in Seoul and will further be opening another one in Seoul by the end of 2018.
As for the objective, the joint research that will be conducted by the two companies will be focused on developing the fifth-generation wireless technology known as 5G, which will deliver data at a much faster speed than the current wireless technology. LG has said that this improved speed in wireless technology will be crucial for autonomous vehicles.
The two companies will also research other wireless technologies needed for the safety of connected cars.
"LG plans to lead the next-generation vehicle components market by combining our experience in automotive communication technologies with Qualcomm's advanced connected solutions from LTE to 5G," said Kim Jin-yong, executive vice president of LG's Vehicle Components Smart Business Unit. "We are optimistic that the combined research strength of Qualcomm and LG will yield benefits that would not be feasible working independently."
"Building on our long-standing relationship with LG, this effort to advance C-V2X technology further demonstrates our continued commitment to the development of advanced solutions for safe, connected and increasingly autonomous vehicles," said Nakul Duggal, vice president of product management, Qualcomm Technologies, Inc. "With the automotive industry on a clear path to 5G, we look forward to working together with LG to meet the demands of today's drivers and advance the commercialization of C-V2X technology in next-gen vehicles."
In any case, with this development it looks like LG Electronics who is also trying to establish a stronger presence in the mobile business is now trying to diversify itself by supplying components for connected car makers.