12月23日，全球汽车零部件行业传来重磅消息：韩国三星电子旗下哈曼以15亿欧元价格，收购德国零部件巨头采埃孚的高级驾驶辅助系统（ADAS） 业务。该交易需经相关监管机构审批，预计将在2026年下半年完成。对于深陷债务危机的采埃孚来说，这不仅是一笔急需的"救命钱"，更是其战略收缩、 聚焦核心业务的关键一步。 ■偿债与补位的双向奔赴 此次交易的核心标的，是采埃孚电子与ADAS事业部中极具竞争力的业务板块。根据协议，采埃孚将剥离该事业部中的计算解决方案、智能摄像头、 雷达技术、ADAS软件功能等ADAS相关业务，3750名相关员工将在交易完成后转岗至哈曼集团。至于核心的底盘电子元件和用于被动安全技术的电子元 件业务则仍将保留在采埃孚。采埃孚也将持续推进商用车领域的驾驶辅助及自动驾驶业务。 对于收购方哈曼而言，这是其进军高附加值自动驾驶领域的重要布局。作为美国知名音响和车载科技公司，哈曼2017年被韩国三星电子收购，目前聚 焦"音频+车载智联"双引擎，此次收购将填补其在驾驶辅助核心技术上的空白。哈曼CEO兼汽车事业部总裁克里斯蒂安・索博特卡直言，这是哈曼实现战 略目标的重要一步，旨在打造更智能、更安全的车辆互联未来。 ...

黄培康，男，汉族，上海南汇人，1935年9月出生。1959年9月加入中国共产党，1957年9月参加工作， 先后在国防部五院及二分院、航空航天部二院、中国航天机电集团、中国航天科工集团及二院担任工程 组长、研究室主任、总工程师、科技委副主任、科技委常委、科技委高级顾问。2005年当选中国工程院 院士。 黄培康是我国雷达目标特性领域的开拓者和奠基人，长期致力于雷达技术、空间电子信息技术的研究与 发展，在雷达目标特性、微波遥感、电磁散射与逆散射、隐身技术等科学领域取得了系统性、开创性的 重大成就，为我国国防现代化建设作出卓越贡献。曾获国家科学技术进步奖特等奖1项、二等奖1项，全 国科学大会奖2项，省部级科学技术进步奖一、二等奖8项。 致敬！一路走好 来源：光明日报，图片来源：中国航天科工集团有限公司网站 雷达与空间电子技术专家黄培康院士逝世 中国共产党党员、中国工程院院士、雷达与空间电子技术专家、中国航天科工集团有限公司科技委高级 顾问黄培康同志，因病医治无效，于2025年12月22日在北京逝世，享年90岁。 ...

黄培康是我国雷达目标特性领域的开拓者和奠基人，长期致力于雷达技术、空间电子信息技 术的研究与发展，在雷达目标特性、微波遥感、电磁散射与逆散射、隐身技术等科学领域取 得了系统性、开创性的重大成就，为我国国防现代化建设作出卓越贡献。曾获国家科学技术 进步奖特等奖1项、二等奖1项，全国科学大会奖2项，省部级科学技术进步奖一、二等奖8 项。 致敬！一路走好 中国共产党党员、中国工程院院士、雷达与空间电子技术专家、中国航天科工集团有限公司 科技委高级顾问黄培康同志，因病医治无效，于2025年12月22日在北京逝世，享年90岁。 黄培康，男，汉族，上海南汇人，1935年9月出生。1959年9月加入中国共产党，1957年9 月参加工作，先后在国防部五院及二分院、航空航天部二院、中国航天机电集团、中国航天 科工集团及二院担任工程组长、研究室主任、总工程师、科技委副主任、科技委常委、科技 委高级顾问。2005年当选中国工程院院士。 来源： 光明日报，图片来源：中国航天科工集团有限公司网站 雷达与空间电子技术专家黄培康院士逝世 ...

黄培康同志治学严谨，求真务实，勇于创新，甘于奉献。他著书立说，悉心培养和提携后学，培养了一 大批高层次科技骨干，为我国基础研究科技自立自强筑牢了攻坚克难、继往开来的人才基石。 黄培康同志是我国雷达目标特性领域的开拓者和奠基人，长期致力于雷达技术、空间电子信息技术的研 究与发展，在雷达目标特性、微波遥感、电磁散射与逆散射、隐身技术等科学领域取得了系统性、开创 性的重大成就。他学术造诣精深，工程经验丰富，为我国国防现代化建设作出了不可磨灭的卓越贡献。 来源：央视新闻客户端 中国航天科工二院今天（12月23日）发布讣告，中国共产党优秀党员，忠诚的共产主义战士，著名雷达 与空间电子技术专家，中国工程院院士，中国航天科工集团有限公司、二院科技委高级顾问黄培康同志 因病医治无效，于2025年12月22日12时51分在北京逝世，享年90岁。 ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 totaled $0.3 million, up from $0.1 million in Q3 2024, indicating a significant increase [9] - Gross profit improved to -$0.2 million in Q3 2025 from -$0.3 million in the same period last year, reflecting a better revenue mix [9] - Operating loss decreased to $11.5 million in Q3 2025 from $12.4 million in Q3 2024 [10] - Net loss narrowed to $11 million in Q3 2025 compared to $12.6 million in Q3 2024 [10] - As of September 30, 2025, the company held $52.6 million in cash and cash equivalents [11] Business Line Data and Key Metrics Changes - The company is focused on securing design wins with OEMs for its radar technology, with significant progress reported in collaborations with major OEMs [3][4] - A top Japanese OEM has ordered radar kits for Level 4 development, indicating strong demand for Arbe's technology [4] - Non-automotive projects are seeing increased demand, particularly in the defense sector and maritime applications [6][7] Market Data and Key Metrics Changes - Global economic shifts are causing some OEMs to delay new model launches, impacting decision timelines for autonomous driving solutions [5] - Despite these delays, Arbe's market position is strengthening, with expectations to secure key European OEM programs in the near term [5][11] Company Strategy and Development Direction - The company aims to be the key enabler for automated driving programs, with a focus on high-resolution radar technology [8] - Arbe expects initial revenues from its chipsets to begin in 2027, ramping up in 2028 as production scales [6] - The strategy includes expanding into non-automotive sectors, with a strong emphasis on defense and maritime applications [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about securing four design wins with OEMs in the next three quarters, with decisions expected from at least five OEMs [14] - The company anticipates a significant ramp-up in revenues from non-automotive sectors in 2026, alongside expected revenues from China [26] - Adjusted EBITDA expectations for 2025 remain unchanged at a loss of $29 million to $35 million, reflecting ongoing investments in growth [11] Other Important Information - The company won two prestigious automotive technology industry awards, highlighting its technological advancements in radar systems [7] - A new board member with extensive automotive industry experience was welcomed, enhancing the company's strategic capabilities [8] Q&A Session Summary Question: Is the guidance for four design wins referring to four separate OEMs? - Yes, it refers to four different OEMs, with decisions expected from at least five OEMs in the next three quarters [14] Question: What factors could swing the revenue guidance for Q4 from low to high? - The timing of customer decisions on NRE programs will significantly impact revenue recognition in Q4 [17] Question: Can you provide insights into the conversations with OEMs and reasons for decision delays? - Dialogues with OEMs are positive, but earlier delays were due to uncertainty around tariffs; now, a clearer path to decisions is emerging [23] Question: How should revenue and OpEx be modeled for 2026 and 2027? - Most revenues in 2026 are expected from non-automotive sectors, with stable OpEx levels anticipated as the automotive ramp-up occurs [26][27]

Core Insights - The article discusses the collaboration between Jiangsu Civil Aviation Administration and China Electronics Technology Group Corporation's 14th Research Institute to explore innovative applications of radar technology in civil aviation safety regulation [1][2] Group 1: Technological Innovations - The Jiangsu regulatory team visited the 14th Research Institute to understand the development history and technological achievements in radar systems, emphasizing the importance of continuous technological innovation and military-civilian integration [1] - Breakthroughs in radar technology related to airport airspace protection, bird strike prevention, and illegal drone interference control are highlighted as crucial for enhancing civil aviation flight safety [2] Group 2: Collaborative Efforts - Jiangsu regulatory authority expressed support for collaboration between the 14th Research Institute and local civil aviation units to integrate radar technology into aviation operations [2] - The visit aims to establish a long-term mechanism for "technology + regulation," ensuring that cutting-edge technological achievements align with civil aviation regulatory needs [2]