Mobileye Elects To End The Internal Development Of Next-Generation FMCW Lidars; Lidar R&D Unit To Be Wound Down By End Of 2024, Affecting About 100 Employees
Portfolio Pulse from Benzinga Newsdesk
Mobileye has decided to cease the internal development of next-generation FMCW Lidars, winding down its Lidar R&D unit by the end of 2024. This decision affects about 100 employees and is influenced by progress in computer vision perception, improved imaging radar performance, and cost reductions in third-party lidar units.
September 09, 2024 | 11:38 am
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Intel, as the parent company of Mobileye, may experience indirect effects from Mobileye's decision to end FMCW Lidar development. The focus on cost-effective technologies aligns with Intel's broader strategic goals.
Intel, being the parent company of Mobileye, might see indirect effects from this strategic shift. However, the impact on Intel's stock is likely neutral as the decision aligns with broader cost-effective technology strategies.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Mobileye is ending its internal development of FMCW Lidars, affecting 100 employees. The decision is due to advancements in computer vision and imaging radar, and cost reductions in third-party lidar units.
The decision to end FMCW Lidar development reflects a strategic shift towards more cost-effective and advanced technologies. While this may streamline operations and reduce costs, the impact on Mobileye's stock is neutral in the short term as the company adapts to market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100