MobileEye eyes more contracts with automakers & higher earnings

mobileeyeMobileye, the supplier of camera ADAS systems for self driving and safety systems reported it has two contracts for EyeQ4 chips to be standard equipment by the end of the decade. Currently, Mobileye technology is used by  Volvo, GM, BMW, Ford, Hyundai, Opel, Citroen, Mitsubishi and more.

EyeQ4 contains 14 computing cores with 10 specialized vector accelerators with extremely high utilization for visual processing and understanding. The EyeQ4 supports high-end customer functions including semi-autonomous driving. The design meets the ISO-26262 standard and will provide a safety level of ASIL-B(D).

The two Mobileye contracts with automakers will equate to millions of units with peak sales during 2019-2022, reported in its first quarter earnings call. Mobileye stated the company is currently working with 13 automakers on autonomous driving.

The number of its chips installed in new vehicles during the first quarter was 816000, bringing the total to more than 6 million.

“The first quarter marked a strong start to the year, highlighted by two significant new program wins that will include our EyeQ4 chip…” stated Ziv Aviram, co-founder, president and chief executive officer of Mobileye.  “During the quarter we saw accelerating trends toward ADAS and autonomous vehicle adoption, driven by recent announcements by OEMs and regulatory agencies, to improve driver safety.  As a result, we believe the company is well positioned to benefit from increased global penetration.”

Audi worked with TTTech, Mobileye, NVIDIA and Delphi to develop hardware and software components for the zFAS auto pilot circuitry board.