Mobileye Halts LiDAR Development
The self-driving tech firm shifts focus to computer vision and imaging radar amid financial struggles and market volatility.
- Mobileye ends internal LiDAR R&D, affecting around 100 employees.
- Decision follows poor earnings and reduced revenue forecasts.
- Focus now on EyeQ6 computer vision and internally developed imaging radar.
- Third-party LiDAR solutions deemed more cost-effective.
- Intel, Mobileye's parent company, considers selling part of its stake.
The Register 
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