Mobileye26 Jul 2020 19:42
Apologies for google translate:
Just before Mobileye was sold to Intel it sold at a rate of $ 600 million a year. Analysts had expected it to reach $ 1 billion within a year and a half. Then Intel paid $ 15 billion with the goal of becoming a leading player in the autonomous vehicle market. Intel’s financial reports show, beyond the general disappointment with the company's performance that even in the field of chips for autonomous vehicles there is a slowdown and it's not just a matter of one quarter.
Mobileye's sales, which are still managed by Professor Amnon Shashua (one of the company's founders alongside Ziv Aviram), amounted to only $ 146 million in the quarter - compared to $ 200 million in the corresponding quarter, a decrease of 27% compared to the corresponding quarter last year. Sales in the half totaled $ 400 million compared to $ 410 million - a decrease of about 3%. This is disappointing, and it seems that Intel is also disappointed. So true - there is corona and it greatly affects performance, but in growing tomes it reduces growth does not raise it completely, and beyond that - the bigger picture shows that Intel failed to take Mobileye to what the latter was supposed to do itself.
The disappointment with Mobileye's performance led Intel in May to acquire Israeli Mobit for close to $ 1 billion. The combination of Mobit may - just maybe - reaffirm Mobileye. This is an application that, according to Intel executives, is supposed to bring Mobileye closer, "to achieve its plan to become a provider of autonomous shuttle services (MaaS), including an autonomous taxi service, which is estimated at $ 160 billion by 2030.
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