3 Things About Mobileye That Smart Investors Know
Mobileye Global (NASDAQ: MBLY) is often considered a top play on the semi-autonomous and autonomous vehicle markets for two simple reasons. First, the Israeli company is the world's top producer of advanced driver assistance systems (ADAS), which leverage a mix of cameras and sensors to help drivers park their cars, stay in a single lane, use adaptive cruise control, and monitor their vehicles. Roughly 70% of the world's automakers install Mobileye's systems in their new vehicles.
Second, Mobileye powers those systems with its own EyeQ system on chips (SoCs), which bundle computer vision and ADAS features in a single package. Its latest EyeQ 6 SoC is designed with fully autonomous vehicles in mind, and more than 50 major automakers currently install Mobileye's EyeQ chips in their cars.
Image source: Getty Images.
Source Fool.com
