July 31, 2022
The revenues of Mobileye, which is expected to be split from Intel, were 460 million dollars and a profit of 190 million dollars. The company reports on a successful pilot of the Supervision peripheral sensing system and the first remote software update of its kind in the industry
[בתמונה: מכונית חשמלית של Zeekr הסינית, המצוידת במערכת החישה ההיקפית SuperVision של מובילאיי]
While the parent company, Intel, presented disappointing financial results for the second quarter of the year, Mobileye reported a 41% jump in revenue compared to the corresponding quarter of 2021. In total, Mobileye’s revenue amounted to $460 million. Mobilay emphasized that this is an especially impressive increase in relation to the fact that the pace of global vehicle production in the second quarter did not grow compared to last year.
Mobileye also posted high profitability rates of 41% and an operating profit of $190 million, a 43% increase over last year. The planning wins that Mobileye won in the first half of 2022 increased its order backlog by 37 million units.
It is possible that this is one of the last reports published by Mobileye as a business unit within Intel, and this after the chip giant declared in December its intention to split Mobileye from itself by issuing it as a public company, against the background of Intel’s strategy to focus on building its strength as a leading chip manufacturer. A few weeks ago it was published in the economic press in Israel, that in Intel and Mobilya it was decided to postpone the date of the offering until the capital market stabilizes.
A pilot with a European car manufacturer and a remote update of a Chinese car
Mobileye also updated that it recently completed a pilot with a leading European car manufacturer, which tested the SuperVision peripheral sensing system, which combines ADAS applications and the capabilities of autonomous driving without hands on the wheel (Hand Free) on intercity roads, including lane crossing, as well as automatic parking. The pilot was carried out over more than 2,000 km and tested the function of the system on all types of roads as well as in night conditions.
The SuperVision system is based on 11 cameras installed in the vehicle on all sides: seven cameras for distant photography and four cameras for photographing objects close to the car. The information from all the cameras is processed using the company’s two EyeQ5 High chips, which simultaneously receive the road data coming from the active map (Roadbook) produced by the REM – Road Experience Management system, which is an active mapping technology while driving, implemented by Mobileye and its business partners.
As for the progress of the mapping project, Mobileye updated that it has so far managed to map approximately 8.6 billion kilometers of roads worldwide, using 1.6 million vehicles equipped with the mapping software. An essential aspect of the SuperVision system is the ability to perform significant software updates remotely (OTA). About two weeks ago, Mobileye remotely updated the ADAS package in tens of thousands of Zeekr electric cars, a premium brand of the Chinese car manufacturer Geely. Zeekr vehicles are equipped with the SuperVision peripheral sensing system. The update, which Mobileye claims is one of the most complex carried out through a remote update in the automotive industry, upgraded a number of driver assistance applications for long-distance driving.
Published in the categories: Automotive, profit reports, news
Posted in tags: Intel, Mobileye
