Mobileye to supply systems for 8m cars to European co

  • Mobileye to supply systems for 8m cars to European co

Mobileye to supply systems for 8m cars to European co

Mobileye, founded in 1999 by CEO Ziv Aviram and Professor Amnon Shashua of the Hebrew University of Jerusalem, was purchased by Intel Corp.in 2016 for $15.3 billion.

The report does not identify which European automaker signed the contract. Although the terms of the deal are confidential, as is the name of the automaker, this is a large step forward towards commercially available autonomous vehicles.

Intel is all-in on autonomous cars.

The company, which previously worked with Tesla, has signed an exclusive supply deal with an undisclosed European automaker.

Mobileye describes itself as the "global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving".

Mobileye will start supplying its systems from 2021 when it introduces its EyeQ5 chip, designed for fully autonomous driving and to replace the EyeQ4 chip that will be launched in the coming weeks.

"The future system will be available on a variety of the automaker's vehicle models that will have partial [Level 3] automation - where the auto is automatically driven but the driver must stay alert - as well as models integrating a more advanced [Level 4] system of conditional automation", reports Reuters.

Mobileye is a developer of chips for auto cameras and driver-assistance features. These test vehicles incorporate 12 cameras and four EyeQ4 chips.

Earlier this month, Prof.

Autonomous ride-hailing vehicles, often referred to as robo-taxis, might start operating around 2021. The cars drive completely autonomously and are driving every day, he said.

Mobileye, bought by Intel past year for $15.3 billion, says there are some 27 million cars on the road from 25 automakers that use some sort of driver assistance system and Mobileye has a market share of more than 70 percent. The company is also working with Audi, BMW, Honda and Fiat Chrysler to supply its Level 3 technologies by next year.