Mobileye (MBLY) to End Internal Lidar Development

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Go back to Mobileye (MBLY) to End Internal Lidar Development

Mobileye to End Internal Lidar Development

September 9, 2024 7:30 AM EDT

Technology progress makes next-gen FMCW lidar technology less essential to future products

JERUSALEM--(BUSINESS WIRE)-- Mobileye (Nasdaq: MBLY) has chosen to end the internal development of next-generation frequency modulated continuous wave (FMCW) lidars for use in autonomous and highly automated driving systems.

As part of our regular review of the long-term technology roadmap, we now believe that the availability of next-generation FMCW lidar is less essential to our roadmap for eyes-off systems. This decision was based on a variety of factors, including substantial progress on our EyeQ6-based computer vision perception,... More