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Qualcomm wins BMW chip supply deal for future vehicle platforms
Qualcomm will supply chips for BMW's future digital cockpits and driver-assistance systems. This long-term agreement extends through the next decade, enhancing vehicle intelligence. The deal includes Qualcomm's Snapdragon Digital Chassis solutions for AI-led platforms. Competition intensifies in the automated driving market with other chip suppliers. This collaboration defines the future of mobility for both companies.
Self-driving tech supplier Mobileye plans US robotaxi service next year
Mobileye will launch its own robotaxi service in the United States next year. The company plans to deploy about 100 robotaxis in a major US city starting in 2027. This move places Mobileye in direct competition with rivals like Waymo and Tesla. Operating its own service will allow Mobileye to accelerate adoption and gain direct operational experience.
Israel defence startup Commcrete raises $29 million
The funding, Commcrete said, will support global expansion as its ultra-compact SATCOM systems gain adoption by defence, security, and emergency organisations in Europe, North America, East Asia, Australia, and the Middle East.
Lyft ditches humans! Self-driving shuttles to battle Uber & Waymo by 2026
Lyft robotaxi launch 2026 marks a bold move by the ride-sharing giant as it partners with Holon to bring self-driving electric shuttles to U.S. cities. These futuristic vehicles, powered by Mobileye’s Level 4 autonomy, are set to hit roads in late 2026—beginning in Dallas and Atlanta. Lyft’s shift from a human-only model to full autonomy signals growing competition with Uber, Waymo, and Tesla in the robotaxi race. With sleek design, zero emissions, and smart partnerships, Lyft aims to change the future of urban travel, making it smarter, safer, and more sustainable for riders across the country.
Intel to reduce headcount; shuts down automotive chip division
Intel is implementing workforce reductions as part of a restructuring effort, which includes the closure of its automotive chip division. This decision follows hints of potential layoffs from the CEO and aims to refocus the company on its core PC and data center businesses. The move comes after Intel reported a significant annual loss, prompting a strategic realignment.
After years of failed AI deals, Intel plans homegrown challenge to Nvidia
Intel aims to challenge Nvidia's AI chip dominance with a homegrown, holistic strategy under new CEO Lip-Bu Tan. Emphasising product refinement and full-system offerings, Intel will shift from acquisitions to in-house innovation, though analysts warn breaking into the market remains a steep, uncertain climb.
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Intel to sell majority stake in Altera for $4.46 billion to fund revival effort
Intel will sell a 51% stake in its Altera programmable chip business to Silver Lake for $4.46 billion. This move, under new CEO Lip-Bu Tan, aims to revive Intel by streamlining operations and focusing on core businesses. The deal values Altera at $8.75 billion, significantly less than Intel's 2015 acquisition price. Raghib Hussain will become Altera CEO on May 5.
Microchip Technology expects weak quarterly results on excess inventory impact
Slowing electric vehicle sales at a time when customers are clearing excess inventory have weighed heavily on demand for chips in the automotive industry, hitting chipmakers such as Microchip Technology amid an uncertain economic environment.
Indian startups compete in race for affordable autonomous driving
FlowPilot is an autonomous driving assistance system that can be operated with a laptop or a mobile phone. About 2,000 volunteers are testing it across the world, according to Singh.
Intel forecasts quarterly revenue below estimates, stock falls
In an interview, CEO Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye. Intel no longer gives full-year financial forecasts, but Gelsinger said the company has $2 billion worth of orders for its AI chips and expects better sales later in the year.
Intel to sell $1.5 billion stake in Mobileye
After the offering, Intel's voting share in the self-driving technology company will come down to about 98.7% from the current 99.3%.
Porsche to incorporate Mobileye automated driving and navigation software
Mobileye's "SuperVision" system allows drivers to take their hands off the wheel in certain road types and enables the car to follow navigation routes chosen by the driver, change lanes and overtake slower vehicles ahead.
Mobileye cuts revenue forecast on slow China EV demand, shares sink
China’s decision last year to end a more than decade-long subsidy for EV purchases has forced automakers to deepen discounts in the world’s largest market in a bid to arrest a demand slowdown.
Intel chairman Omar Ishrak steps down
Omar Ishrak had stepped down and the chipmaker appointed board director Frank Yeary as his replacement.
Intel's Mobileye unit set for strong market debut
Mobileye's strong reception may buck the trend of recent market debuts where investors have given the cold shoulder to newly-listed companies.
Intel's Mobileye seeks drastically lower $16 billion valuation in IPO
The self-driving unit of Intel said in a regulatory filing it is offering 41 million shares of common stock priced between $18 and $20 per share, aiming to raise up to $820 million, based on the top end of the proposed range of the listing.
Intel's Mobileye files for listing in first sign of thawing tech IPO market
Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.
At CES, tech alliances firm up in the self-driving car wars
Three chip firms - Intel Corp's Mobileye, Qualcomm and Nvidia - have emerged from a raft of announcements at the CES in Las Vegas as the leaders in locking down the brains of self-driving cars for the next decade.
Intel plans to take self-driving car unit Mobileye public
Chip giant Intel expects to retain Mobileye's executive team and hold on to a majority ownership in the unit after the initial public offering (IPO) of newly issued Mobileye stock.
Intel to invest $600 million to expand chip, Mobileye R&D in Israel
Intel is investing $400 million to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.
BMW Group signs on KPIT as software development partner for autonomous driving
The partners will be able to assist with rolling out the software stack within the Autonomous Driving Platform to third parties.
Tesla bats for full self-driving capabilities; offers benefits worth $13k to employees
This is being offered by the company on a first come first serve basis.
Uber disabled Volvo SUV's safety system before fatality
“We don’t want people to be confused or think it was a failure of the technology that we supply for Volvo, because that’s not the case,” said Zach Peterson, a spokesman for Aptiv Plc.
Google vs the Rest: Nobody wants to let the tech giant win war for Maps all over again
Autonomous cars require powerful sensors to see and advanced software to think. They especially need up-to-the-minute maps of every conceivable roadway to move.
From drones to autonomous cars, here is everything that Intel announced at CES 2018
In a keynote packed with glimpses into future technologies, Intel treated the audience to a dazzling array of data-driven innovations.
This is how data company Intel is pushing for an autonomous future
The latest evidence of this was at the recently ended CES 2018, where CEO of Intel, announced that two million vehicles from BMW, Nissan and Volkswagen will use Mobileye Road Experience Management technology.
nuTonomy beats the likes of Google and Uber by launching world's first self-driving taxi service
For now, nuTonomy has kicked off services with two models Renault Zoe and Mitsubishi i-MiEV which can be hailed using an app.
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