German auto giant Volkswagen will expand its partnership with the Israel-based Intel subsidiary Mobileye to bring new automatic driving assistance functions, the companies announced on Wednesday. The technology, which will be installed in Volkswagen’s high-end luxury and sports brands, will allow vehicles to overtake autonomously on the motorway and stop automatically at traffic lights, according […]
Qualcomm‘s (NASDAQ: QCOM) recent financials offer further proof that the smartphone and other consumer electronics markets are finally making a comeback after getting through a tough 2022 marred by excess inventory. That comeback comes just as the industrial chip market (which includes chips for electric vehicles (EVs)) is now entering a similar period of decline. […]
Shares of autonomous driving solutions provider Mobileye (NASDAQ: MBLY) plunged 25.6% in Thursday trading, as of 3:20 p.m. ET. The company, which is 88% owned by Intel (NASDAQ: INTC) but also has publicly traded shares on the Nasdaq, issued a press release this morning, saying that 2024 could be a very tough year. The “bullwhip” […]
Technology By Tae Kim Jan 04, 2024, 12:45 pm EST Share Reprints In this article MBLY ADI MCHP MU The outlook is getting uglier for chip makers that serve the auto industry. Continue reading this article with a Barron’s subscription. View Options
Technology By Al Root and Adam Clark Updated Jan 04, 2024, 10:22 am EST / Original Jan 04, 2024, 7:56 am EST Share Reprints Mobileye Global stock fell on Thursday after the autonomous-driving systems company said it expects a 50% drop in revenue in the first quarter of this year. Continue reading this article with […]
The Dow Jones Industrial Average rose Thursday as Wall Street digested a stronger-than-expected jobs report and fewer-than-expected unemployment claims that could tip the balance for stocks going forward. X Meanwhile, Apple stock sold off on another analyst downgrade. And Mobileye Global (MBLY) crashed after the company warned that 2024 sales will be below estimates because […]