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INTEL CORPORATION

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Intel : self-driving car unit plans to step up use of its own radar tech by 2025

01/12/2021 | 10:05pm EST
Handout image of a lidar chip being developed by the self-driving car firm Mobileye

SAN FRANCISCO (Reuters) - The head of Intel Corp's self-driving car subsidiary said on Tuesday the company wants to shift toward using its own radar-based technology and use a single lidar sensor per vehicle by 2025 in a bid to lower the cost of autonomous driving.

Mobileye has taken a different strategy from many of its self-driving car competitors, with a current camera-based system that helps cars with adaptive cruise control and lane change assistance. Those systems are on the road today and are gathering data to help Mobileye map the roads in new cities.

For more advanced systems, the company plans to add both radar sensors, which use radio waves to detect distance from objects, and lidar, a laser-based system that helps self-driving vehicles gain a three-dimensional view of the road. For a planned fleet of so-called robotaxis, which are commercial vehicles meant to ferry around passengers, the company is tapping sensors from Luminar Technologies Inc.

In a presentation a the Consumer Electronics Show, Chief Executive Amnon Shashua said on Tuesday that Mobileye's robotaxis will use multiple Luminar units to gain 360-degree lidar, radar and camera coverage all around the vehicle. The robotaxis rolling out in at least eight cities starting in 2022 will each have four Luminar units, Shashua said in a subsequent question and answer session.

But Mobileye is also developing its own lidar sensor that it plans to start using in 2025 for cars aimed at consumers.

That 2025 consumer system will feature a single lidar unit facing the front of the vehicle, while cameras and a new radar-based system that Mobileye is also developing will cover the entire vehicle. Shashua said Mobileye is developing new ways to process radar data with software that will make radar more powerful. Radar sensors are cheaper than lidar but give a less detailed image.

"The difference between radars and lidars in terms of cost is an order of magnitude," he said. "No matter what people tell you about how to reduce the cost of lidar, radar is ten times lower. We are building lidars, so I know exactly the cost of the lidars."

In a statement, Mobileye said it plans to continue to use Luminar lidars "as much as possible" after introducing its own lidar sensors. Mobileye plans to offer its self-driving technology to automakers as separate components, meaning that automakers could choose a Mobileye system but use Luminar sensors for the lidar units.

Luminar declined to comment.

(Reporting by Stephen Nellis in San Francisco; Editing by Matthew Lewis)

By Stephen Nellis


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION -9.29% 56.66 Delayed Quote.25.37%
WEEBIT NANO LIMITED -2.44% 4 End-of-day quote.64.61%
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Financials (USD)
Sales 2020 75 375 M - -
Net income 2020 19 325 M - -
Net Debt 2020 21 881 M - -
P/E ratio 2020 12,4x
Yield 2020 2,34%
Capitalization 230 B 230 B -
EV / Sales 2020 3,34x
EV / Sales 2021 3,25x
Nbr of Employees 110 800
Free-Float 10,0%
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Mean consensus HOLD
Number of Analysts 42
Average target price 62,52 $
Last Close Price 56,66 $
Spread / Highest target 58,8%
Spread / Average Target 10,3%
Spread / Lowest Target -29,4%
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Managers and Directors
NameTitle
Robert Holmes Swan Chief Executive Officer & Director
Omar S. Ishrak Independent Chairman
Ann-Marie Holmes Vice President-Operations & Manufacturing
George S. Davis Chief Financial Officer & Executive Vice President
Daniel J. McKeon Vice President-Information Technology Group
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