Mobileye Announces VW Partnership for MQB Vehicle Platform - Stock Rises 5% pre-Market!
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Mobileye Global (MBLY) recently announced a milestone of 200 million EyeQ chips sold since the company's founding. The System-on-a-Chip solutions are used for advanced driver assistance systems by around 50 OEMs worldwide. The sales volume improved by 9% compared to the previous quarter, with advanced systems like SuperVision, Chauffeur, and Drive presenting "the biggest opportunity in the company's history," according to CEO Amnon Shashua. Last year alone, 95% of the ADAS programs awarded by top customers were won. On March 25, a new...
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