Mobileye Ends Lidar Development

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internal lidar development

SeekingAlpha

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Mobileye to end internal lidar development

Summary

Nutrition label

85% Informative

Mobileye has decided to end internal development of next-generation frequency modulated continuous wave (FMCW) lidars for use in autonomous and highly automated driving systems.

The lidar R&D unit will be wound down by the end of 2024 , affecting about 100 employees.

The action is not expected to have a material impact on Mobileye ’s results in 2024 .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

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Offensive language

not offensive