Intel-owned Mobileye, a self-driving technology company, issued a warning on Thursday about a significant expected drop in customer orders for the first quarter of 2024. This announcement sent its shares tumbling by as much as 25% during Thursday morning’s trading session. In its preliminary full-year outlook, Mobileye disclosed that it has identified excess inventory at […]
As volatility and rising interest rates seem to be quelling consumer interest in new stocks, one automated driving company is set to go public — and at a much lower price than it had planned. Intel-owned Mobileye is aiming for a $16 billion valuation in its initial public offering (IPO), which is less than one-third […]
Beep announced a partnership with companies Benteler and Intel-owned Mobileye to develop autonomous moving vehicles on Monday. The project is expected to begin deploying the autonomous movers as soon as 2023, and the company says the program plans to begin “addressing ‘micro-transit’ inequities in first and last-mile transportation networks, including road congestion, road safety and […]
Mobileye, an autonomous driving technology company owned by Intel, announced the latest version of its EyeQ system-on-a-chip (SoC) for vehicles, the EyeQ Ultra, on Tuesday at CES 2022 in Las Vegas, Nevada. The company says the EyeQ Ultra equals the performance of 10 of its EyeQ5 chips in a single package that is capable of […]
A subsidiary of Intel, Mobileye, has huge plans for the future of autonomous vehicles, and it recently announced a partnership with Udelv to help build the framework for new driverless delivery technology. On Monday, Mobileye announced its new deal with Udelv to produce over 35,000 driverless delivery vehicles, called Transporters, by 2028, with commercial operations […]
