Core Viewpoint - Intel is exiting a portion of its automotive business, specifically shutting down its automotive processor division and laying off most of its employees, as part of a strategic focus on its core computing and data center operations [2][3][4] Group 1: Strategic Decisions - The decision to cut the automotive processor team is a natural outcome of Intel's strategy to narrow its focus [6][12] - Under CEO Pat Gelsinger's leadership, Intel has previously divested from non-core areas, including the sale of Optane storage and a pause on certain wafer fabrication investments [4][5] - Intel's attempts to expand its client processor platform into automotive applications have not gained traction, failing to compete with Qualcomm and Nvidia in the automotive sector [5][11] Group 2: Mobileye's Role - Mobileye remains Intel's only retained asset in the automotive sector, having been acquired for $15.3 billion in 2017 and continuing to operate independently [7][8] - Since its IPO in 2022, Mobileye has focused on enhancing its independence and advancing its EyeQ chip platform for advanced driver-assistance systems [9][10] - Despite Mobileye's ongoing operations, it does not represent the entirety of Intel's automotive ambitions and lacks involvement in general automotive processors or non-autonomous driving computing needs [11][12] Group 3: Market Implications - Intel's exit from the automotive chip market is seen as an acknowledgment of the realities of the automotive chip landscape, where local suppliers have filled most mid-range and customized needs in China [13][14] - The departure of Intel is unlikely to alter the industry's dynamics, as the market has evolved beyond merely providing processors to encompass deeper collaboration with automakers [14][15] - Companies that do not understand the pace and requirements of automakers may find themselves sidelined, regardless of their size [15][16]

智通财经APP获悉，高盛近日发布研报称，将其对Mobileye Global(MBLY.US)的股票评级从"买入"下调 至"中性"，以更好地反映该公司当前面临的竞争格局、以及该股估值偏高。与此同时，该行维持对该股 的12个月目标价为17美元不变。 尽管Mobileye在其2024年第二季度财报电话会议中表示，预计在2024年年底前将有更多SuperVision和 Chauffeur(分别为L2++和L3产品)的设计合约，并在2024年12月的投资者日中透露有5家车企正在进行尽 调和决策阶段，但这两款产品的最后一次中标公布仍停留在2024年1月与大众汽车的合作上。 高盛指出，自该行于2022年11月予Mobileye"买入"评级以来，该股股价下跌了38%，而同期标普500指 数上涨了52%。该行认为，Mobileye股价表现不佳的原因在于其市场份额下滑、设计合约数量低于预 期、以及汽车行业整体状况疲弱（部分原因是关税）。 尽管高盛仍然认为，Mobileye拥有强大的视觉识别与自动驾驶技术能力，但目前计划在未来的高级驾驶 辅助系统(ADAS)/自动驾驶技术(AV)项目中采用Mobileye技术的企业数量(无论是在 ...

以下文章来源于美股投资网 ，作者前纽约证券Ken 美股投资网 . 美国洛杉矶投资公司，TradesMax.com为美股投资者提供美股行情和投资策略的专业网站。一支有着多年华尔街投资银行工作经验的美籍分析师团队，提供 公司研究报告、美股交易技巧、美股软件、美股开户指南、微信客服niugu88，微博美股投资网 来源 | 美股投资网 今年，自动驾驶市场将迎来一次划时代的爆发！ 特斯拉下月将在奥斯汀启动Robotaxi，UBER和LYFT今年将在德州和亚特兰大推出自动驾驶出租车，谷歌旗下Waymo和Magna International计 划到2026年底将亚利桑那州工厂的自动驾驶出租车生产扩大两倍。 这一连串重大举措标志着:今年就是自动驾驶商业化爆发的起点。 一、渐进式部署（辅助驾驶演进路线）也称为从 L2/L3 向 L4 演进的路线。 这种方式是目前大多数传统车企如特斯拉、奔驰、宝马、丰田等采用的方式，通过不断积累用户驾驶数据、训练算法，逐步迈向完全自动驾驶 （L4/L5）。 先推出具备部分自动化功能的车辆（如自适应巡航、车道保持、自动变道等）。 逐步在更多场景下提高系统的自动化程度。 通过不断积累用户驾驶数据、 ...

Core Viewpoint - Mobileye Global Inc. is positioned to benefit from the increasing demand for advanced driver assistance systems (ADAS) and autonomous driving technologies, despite rising operating expenses [1] Group 1: Demand and Technology - The demand for ADAS and autonomous driving features is enhancing Mobileye's growth prospects, with innovative solutions like Supervision, Chauffeur, Drive, and EyeQ strengthening its portfolio [2] - The adoption of multi-camera setups is increasing due to stricter safety regulations and the push for hands-free highway driving in mass-market vehicles [2] Group 2: Financial Projections - Mobileye anticipates revenues in the range of $1.69-$1.81 billion for 2025, an increase from $1.65 billion in 2024, based on EyeQ unit sales of 32-34 million units [3] - For Q2 2025, the company expects revenues to rise approximately 7% year over year [3] Group 3: Strategic Partnerships - Strategic partnerships and design wins are crucial for Mobileye's growth, with collaborations with ZEEKR, Porsche, FAW, Mahindra, and Volkswagen enhancing its market position [4] - Volkswagen's deepened partnership with Mobileye aims to integrate advanced technologies for automated driving into series production vehicles [4] Group 4: Financial Health - Mobileye has a strong balance sheet with $1.51 billion in cash and cash equivalents and zero debt as of March 25, 2025, providing financial flexibility for growth opportunities [5] Group 5: Challenges - Mobileye expects a 3-7% decline in production volume from its top 10 customers in 2025, with competitive pressures in China affecting shipments of assisted driving technology [6] - Rising operating expenses, driven by increased employee compensation and military reserve investments, are expected to hinder income growth, with a projected 7% year-over-year increase in adjusted operating expenses for 2025 [7]