Mobileye to ship at least 46M new assisted-driving chips - report

seekingalpha04-17

Mobileye Global (NASDAQ:MBLY) shares popped in early trading on Wednesday after a report that the Israeli automotive tech company is set to ship at least 46 million new assisted driving chips over the...

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In an interview with Reuters, Mobileye's Nimrod Nehushtan, executive vice president of business strategy and development, said that “the company is selling the EyeQ6 Lite in all major markets around the world, and cars with the technology will be launched in the middle of this year.” \"The 46 million represents the amount of EyeQ6 Lite (business) that we have won to date,\" Nehushtan added. Customer identities were not disclosed. Mobileye (MBLY) counts Volkswagen (OTCPK:VWAGY) and Porsche (OTCPK:POAHY) among its customers. Shares of the company rose as much as 4% premarket Mobileye (MBLY) touted EyeQ6 as its most advanced driver-assistance chip yet when it was rolled out in 2022. EyeQ6L (or “Lite”) is said to offer 4.5 times more computing horsepower compared with its prior generation and can support all core advanced driver-assistance systems (ADAS).   More on Mobileye Global  Mobileye: Not Correctly Priced Mobileye Global: Steering Clear Of This Overpriced Stock Mobileye: Time To Be Contrarian Mobileye picks up as Wolfe Research upgrades, citing no 'clear rival' Volkswagen, Mobileye to bring automated driving functions to series production","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428192663"}