DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Novo Nordisk Raises 2025 Outlook Despite Wegovy Pill Miss and CagriSema Setback 
LG Electronics Inc. will be teaming up with another company, and this time, it will be with Qualcomm Technologies Inc. The firms are collaborating to develop 5G automotive platforms, and this was confirmed by an LG executive.
The South Korean electronics company is aiming to expand its business, and one of its plans is to enter the automotive business. The company sees LG’s growth in this venture, so as a first step, it is partnering with the well-known American semiconductor, software, and wireless technology producer.
The new venture between world-renowned tech companies
As per Yonhap News Agency, LG Electronics and Qualcomm Technologies have agreed to collaborate for the creation of 5G wireless platforms that can be used for the futuristic next generation of connected automobiles.
The news of LG and Qualcomm’s plan to work together was revealed on Jan. 27. Together, they are aiming to produce and introduce some 5G connected auto services.
With regards to the partnership, the semiconductor maker said that its goal is to release reliable, connected, location-aware and intelligent vehicles for the not-so-distant future with international partners like LG, ZTE, and Continental AG. The South Korean tech company thinks that working with Qualcomm is also a good decision.
"As mobile innovation leaders, LG and Qualcomm Technologies are bringing decades of research and development experience to the automotive industry, specifically in the area of 5G automotive platforms," LG Electronics vice president, Park Jong Sun, said "Building on our long engagement with Qualcomm Technologies in the connected car segment, we believe 5G is vital to the deployment of a fully connected car platform."
The 5G auto connectivity is projected to become a common feature in vehicles. In fact, base on analytics, 75% of vehicles that will be sold in 2027 will have embedded cellular connectivity.
LG and Qualcomm’s history of partnerships
This is not the first time that LG and Qualcomm signed a deal for a new venture. The two companies have been working on some projects since 2004.
Their latest collaboration only happened in 2019 when they work together to further develop the webOS Auto, LG Electronic’s connected infotainment system in vehicles. Apparently, LG has been trying to strengthen its presence in the automotive solutions market for years now, and Qualcomm is able to help it achieve this plan.
