The chipmaker bid US$37 per share in cash, an 18.4 per cent premium to Magna International’s US$31.25-per-share agreement on July 22, to buy the Swedish automotive-safety-technology company. (The Logic)

Talking point: This year’s chip shortage laid bare the close ties between the automotive and semiconductor industries. Qualcomm’s bid suggests that automated driver assistance could deepen those ties further. Ontario-based Magna already works with Qualcomm rival Intel Mobileye on driver-assistance technology, and buying Veoneer would put it in the top five vendors, according to a CIBC analyst note. CIBC Equity Research’s Kevin Chiang and Krista Friesen estimated the driver-assistance market will triple in the next decade. Qualcomm now says its Snapdragon Ride platform is vying to lead that market, too, without the “regulatory clearance concerns” that Magna faces. Magna declined to comment to The Logic on Qualcomm’s rival bid.