(Reuters) -Mobileye Global Inc forecast fiscal 2023 revenue higher than analysts’ projections and delivered better-than-expected earnings in the fourth quarter, as vehicle makers lapped up its driver-assistance technology.
The company is benefiting from the automotive industry increasingly adopting sophisticated camera systems and sensors that assist in safe driving.
Earlier this month, founder and Chief Executive Officer Amnon Shashua said Mobileye has a revenue pipeline of over $17 billion through 2030 for its core advanced driver-assistance system (ADAS) products.
The company is pushing adoption for its near-fully autonomous system SuperVision, and garnering interest for Chauffeur, a turn-key product that can turn any vehicle into a Level 4 self-driven vehicle.
“We expect SuperVision to be a very large growth driver in 2023 and beyond,” Shashua said in a post-earnings analyst call, adding that it retails at a higher…
Read More