Mobileye | Israel news feed

Mobileye has $1.7 billion in cash, so even after the transaction it will hold over $1 billion in cash

  Mobileye, the leading Israeli autonomous driving technology company that was acquired by Intel several years ago, announced Monday a major shift in its research and development strategy. The Nasdaq-listed firm (MBLY) is ceasing internal development of next-generation frequency-modulated continuous wave (FMCW) lidars for autonomous and highly automated driving systems. According to Mobileye, this decision […]

Mobileye will provide driving assistance software based on its SuperVision and Chauffeur platforms to VW's luxury brands Audi, Bentley, Lamborghini and Porsche.