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    6758   JP3435000009

SONY GROUP CORPORATION

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Nvidia targets automakers' 2024 models with driver-assistance hardware system

11/09/2021 | 05:13am EST
The logo of technology company Nvidia is seen at its headquarters in Santa Clara

(Reuters) - Nvidia Corp on Tuesday said it was partnering with a range of self-driving sensor companies, including lidar firm Luminar Technologies, to put together a system that automakers can use for driver safety features as soon as 2024.

Nvidia makes the computing chips and a software system for autonomous vehicles. But the Silicon Valley-based company largely left the selection and integration of the various sensors that help a car perceive its environment up to automakers.

Nvida shifted course on Tuesday and selected a variety of sensor partners for a system, including those from Hella, Valeo, Continental AG and Sony Group Corp. Automakers will still be able to choose other sensors, but Nvidia will ensure the ones from its partners work well with its chips and software.

"It really doesn't make a whole lot of sense for every OEM to try and develop their own software stack from scratch," Austin Russell, chief executive of Luminar, one of the suppliers, told Reuters. "I think Nvidia will see a lot of success here because there's someone OEMs can depend on to deliver the right stack without having to spend tens of billions of dollars to get there."

The approach brings Nvidia closer to chip rivals Intel Corp and Qualcomm Inc. Intel's Mobileye unit sells a system of software, chips and sensors to automakers, and Qualcomm will have a similar full suite of offering with its $4.5 billion purchase of Veoneer Inc.

(Reporting by Stephen Nellis in San Francisco; Editing by Cynthia Osterman)

By Stephen Nellis


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CONTINENTAL AG -3.56% 89.11 Delayed Quote.-4.30%
INTEL CORPORATION 0.00% 52.04 Delayed Quote.1.05%
NVIDIA CORPORATION -3.21% 233.74 Delayed Quote.-20.53%
QUALCOMM, INC. -0.94% 164.93 Delayed Quote.-8.95%
SONY GROUP CORPORATION -1.37% 12955 Delayed Quote.-10.50%
VALEO -2.21% 25.68 Real-time Quote.-3.39%
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Financials
Sales 2022 9 927 B 87 297 M 87 297 M
Net income 2022 797 B 7 007 M 7 007 M
Net Debt 2022 520 B 4 573 M 4 573 M
P/E ratio 2022 20,3x
Yield 2022 0,48%
Capitalization 16 058 B 141 B 141 B
EV / Sales 2022 1,67x
EV / Sales 2023 1,53x
Nbr of Employees 109 700
Free-Float -
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Number of Analysts 19
Last Close Price 12 955,00 JPY
Average target price 16 746,32 JPY
Spread / Average Target 29,3%
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Managers and Directors
Kenichiro Yoshida Chief Financial Officer & Executive Vice President
Hiroki Totoki Chief Financial Officer, Director & Vice President
Shuzo Sumi Co-Chairman
Toru Katsumoto Chief Technology Officer, Executive VP, Head-R&D
Tsuyoshi Kodera Head-Information Systems & Security
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