Mobileye revenues surged 124% to $ 327 million
26 July, 2021
Mobileye closed 10 additional design wins in q2, including a major win with Toyota. Intel's CEO: "Mobileye has the largest global footprint in the AV industry."
Intel’s Mobileye revenue in the second quarter of 2021 totaled $ 327 million, according to the quarterly report released by Intel last week. It represents an increase of 124% year-over-year, but a decrease of 13% compared to the previous quarter. Among all of Intel segments, the Mobileye division posted the highest annual growth in the second quarter .
During the second quarter, Mobileye closed 10 additional design wins in the automotive industry, for over 16 million total lifetime units. The most significant win was with Toyota, in which Mobileye and the german tier-1 supplier ZF will develop for the Japanese automaker an advanced driver-assistance systems (ADAS) based on a new automotive radar developed by ZF and Mobileye’s computer-vision chip, EyeQ4. The system is intended to be integrated into several of Toyota’s models in the coming years.
Last week, Mobileye began test drives of AVs in New York, the first to receive a permit from the authorities to conduct such trials in the city. In the conference call following the quarterly report, Intel’s CEO Pat Gelsinger said Mobileye is leading the AV industry. “With vehicles in Israel, Germany, Detroit, Tokyo, Shanghai, and coming soon to Paris, Mobileye has the largest global footprint in the AV industry, enabled by our unique REM distributed mapping technology.”
According to Gelsinger by year end there will be over 1 million vehicles providing telemetry for dynamic crowd-source mapping. “It’s a unique and powerful advantage of Mobileye.”