CFRA Stays Sidelined on Intel (INTC) Even Though 'we like potential growth prospects'

Volkswagen ADMT Announces Agreement With Mobileye for Autonomous Driving

March 20, 2024 7:57 AM EDT

Volkswagen is the first vehicle manufacturer to develop an autonomous Level 4 service vehicle for large-scale production The aim is to use it in the commercial sector, for example for mobility and transport services in Europe and the USA High synergies with systems for automated driving within Volkswagen Group: shared module use from Level 2+ to Level 4

HANNOVER, Germany--(BUSINESS WIRE)-- Autonomous driving is coming. Following an extensive pilot phase with road testing in Germany and the USA, Volkswagen ADMT GmbH, part of Volkswagen AG, is announcing a cooperation agreement with the... More

Intel and Biden-Harris Administration Announce Preliminary Terms for up to $8.5 Billion in Direct Funding Under CHIPS and Science Act

March 20, 2024 5:08 AM EDT

Proposed funding, coupled with an investment tax credit and eligibility for CHIPS Act loans, would help Intel advance American semiconductor manufacturing and technology leadership in the AI era.

NEWS HIGHLIGHTS

U.S. Department of Commerce has proposed up to $8.5 billion in direct funding through the CHIPS and Science Act to advance Intels commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon. Intel also expects to benefit from a U.S. Treasury Department Investment Tax Credit (ITC) of up to 25% on more than $100 billion in qualified investments and... More

Automated driving: Volkswagen Group intensifies collaboration with Mobileye

March 20, 2024 5:00 AM EDT

Volkswagen and Mobileye bring new automated driving functions to series production Mobileye provides technologies based on the Mobileye SuperVision and Mobileye Chauffeur platforms Audi, Bentley, Lamborghini and Porsche will use these series developments to rapidly bring new, premium-oriented driving functions to their model portfolios Mobileye set to supply further technology components for autonomous driving to Volkswagen Commercial Vehicles

WOLFSBURG, Germany & JERUSALEM--(BUSINESS WIRE)-- The Volkswagen Group is welcoming further strategic collaboration and significantly accelerating its development efforts in the field of automated and autonomous driving. Now,... More

Mobileye to Wind Down Aftermarket Solutions Unit

March 18, 2024 8:30 AM EDT

JERUSALEM--(BUSINESS WIRE)-- Mobileye has chosen to wind down its aftermarket solutions unit that provides retrofitted advanced driver assistance technology, after a thorough review of this units business prospects and investment needs.

As automakers and other vehicle manufacturers have steadily increased the rate at which integrated ADAS solutions are installed on new vehicles, the demand and future addressable market for retrofitted ADAS solutions has declined. As a result, this division has seen its revenues decline meaningfully, to roughly $40 million on an annual basis, and in recent years has not positively contributed to Mobileye profitability.

This... More

R2 Semiconductor Announces Two Important Updates in Intel Patent Infringement Case

March 18, 2024 8:27 AM EDT

German Court Denies Intels Attempt to Stay Injunctions That Prevent it from Using R2s Patented Technology

R2 Files Patent Infringement Lawsuits against Amazon Web Services and Fujitsu

PALO ALTO, Calif.--(BUSINESS WIRE)-- R2 Semiconductor, a Third Point Ventures portfolio company (R2), today announced two important updates in its patent infringement case against German subsidiaries of Intel Corp (Intel) (Nasdaq: INTC) and its customers, Dell Technologies (Dell) (NYSE: DELL) and Hewlett Packard Enterprise Company and HP Inc. (together... More