💨 Abstract

Mobileye, a provider of assisted driving technology, forecasts lower full-year revenue due to reduced shipments to China, faced with competition from local firms offering cheaper self-driving software. The company anticipates revenue between $1.69 billion and $1.81 billion for fiscal 2025, lower than Wall Street estimates. Shipment volumes in China are improving but remain slow.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖