Exhibit 99.1 Ambarella, Inc. Announces First Quarter Fiscal Year 2025 Financial Results May 30, 2024 —Santa Clara, Calif. – Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its first quarter of fiscal year 2025 ended April 30, 2024. • Revenue for the first quarter of fiscal 2025 was $54.5 million, down 12% from $62.1 million in the same period in fiscal 2024. • Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter ...

SANTA CLARA, Calif., May 30, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its first quarter of fiscal year 2025 ended April 30, 2024. Revenue for the first quarter of fiscal 2025 was $54.5 million, down 12% from $62.1 million in the same period in fiscal 2024.Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2025 was 60.9%, compared with 60.4% for the same period in fisca ...

Ambarella (AMBA) recently unveiled its latest generation of artificial intelligence-based systems-on-chip (SoCs) named CV75AX and CV72AX. These chips are designed for in-vehicle fleet telematics systems.Users can now efficiently monitor and manage their vehicles with AI dash cams, front-facing Advanced Driver Assistance Systems and driver monitoring systems by using these chips. The CV75AX improves the AI performance by two times from its predecessors. This reduces the incidents of false positives while inc ...

SANTA CLARA, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, today announced during AutoSens USA, the latest generation of its AI systems-on-chip (SoCs) for in-vehicle fleet telematics systems. Ideal for AI dash cams integrating front-facing ADAS and driver monitoring systems (DMS), the new CV75AX provides up to 2x the AI performance over Ambarella's prior-generation SoC, enabling the latest transformer neural networks for improved accuracy and reduc ...

SANTA CLARA, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced during AutoSens USA, the latest generation of its AI systems-on-chip (SoCs) for in-vehicle fleet telematics systems. Ideal for AI dash cams integrating front-facing ADAS and driver monitoring systems (DMS), the new CV75AX provides up to 2x the AI performance over Ambarella’s prior-generation SoC, enabling the latest transformer neural networks for improved accuracy and redu ...

USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, May 13, 2024 /PRNewswire/ -- USA News Group – The race to improve artificial intelligence (AI) is accelerating at breakneck speed, with China recently unveiling a new photon-powered neural network microchip that can run on a thousandth as much energy as common electron-powered chips. According to analysts at DataHorizzon Research the AI Chip Market is set for explosive growth of over 40.6% CAGR through to 2032. As new chips improve, ...

SANTA CLARA, Calif., May 10, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, today announced it will hold its first quarter fiscal year 2025 earnings conference call on Thursday, May 30, 2024 at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day. Those interested in asking a question on the call are required to register online in advance. Once registered, the dial-in numbers will be provided with a personal id ...

SANTA CLARA, Calif., May 10, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its first quarter fiscal year 2025 earnings conference call on Thursday, May 30, 2024 at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day. Those interested in asking a question on the call are required to register online in advance. Once registered, the dial-in numbers will be provided with a personal i ...

SHANGHAI, China and SANTA CLARA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Neusoft Reach Automotive Technology (Shanghai) Co., Ltd., a subsidiary of Neusoft specializing in intelligent vehicle technology, and Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, announced the establishment of a strategic partnership at the Beijing Auto Show. This cooperation is based on the strong resources and advantages of both parties in areas such as automotive software, autonomous driving technology, electr ...

SHANGHAI, April 11, 2024 /PRNewswire/ -- SANY Group (SANY), a leading construction machinery manufacturer, signed multiple strategic cooperation agreements in March to accelerate the transition into the new Industry 4.0 era led by clean energy technologies. Going forward, SANY will deepen cooperation with Mitsui Sumitomo Group (China) and its Innovation Laboratory, as well as Panasonic Four-dimensional in the field of battery asset management and risk control for new energy-heavy trucks, jointly promoting t ...