Intel Corp Stock Price, News & Analysis

Mobileye Global Inc. (Nasdaq: MBLY) announced that Chief Communications Officer Dan Galves will participate in several investor conferences in Q1 2023. Key events include the Wolfe Research Global Auto Conference on February 15, Citi's Global Industrial Tech Conference on February 22, and Barclays Industrial Select Conference on February 23. Additionally, Galves will attend the Raymond James 44th Annual Institutional Investors Conference on March 6 and the Morgan Stanley Technology Conference on March 8. Mobileye plans to webcast these presentations. For more details, visit their investor relations site at ir.mobileye.com.

Intel and the University of California, San Diego have been awarded a project under the DARPA HARDEN program aimed at enhancing cybersecurity.

This four-year collaboration focuses on developing tools based on cryptography to secure integrated computing systems against complex cyber threats.

Key highlights include Intel's innovative Cryptographic Capability Computing (C3) system, which enhances legacy system security by replacing traditional metadata with cryptography.

The project aims to fortify U.S. government systems and explore modern vulnerabilities exploited by cyber adversaries.

Mobileye reported a robust 59% year-over-year revenue increase to $565 million for Q4 2022, with a diluted EPS of $0.04 and an adjusted diluted EPS of $0.27. The company's future business backlog is projected at $6.7 billion from 64 million units by 2030. Advanced ADAS products, particularly SuperVisionTM, significantly contributed to growth, driving average system price up to $56.2. The company maintains a strong balance sheet with $1 billion in cash and zero debt as of December 31, 2022. Operating cash flow was $546 million for the year. The company expects to double volumes in 2023, supported by ongoing OEM collaborations.

Intel Corporation has appointed Frank D. Yeary as the new independent chair of its board of directors, succeeding Dr. Omar Ishrak, who will remain as an independent director. This leadership change aims to enhance corporate governance and unlock shareholder value. Yeary, a board member since 2009, brings extensive finance and corporate advisory experience. CEO Pat Gelsinger praised Ishrak's contributions in fostering a positive board dynamic while looking forward to Yeary's leadership in executing Intel's strategy.

Mobileye Global Inc. (Nasdaq: MBLY) will release its Q4 and full-year 2022 financial results on January 26, 2023, before market open. A conference call will follow at 8:00am ET, featuring CEO Amnon Shashua, CFO Anat Heller, and CCO Dan Galves. The call will be streamed live on Mobileye's investor relations site, with a recording available after the event. Mobileye, a leader in autonomous driving technology, became an independent company in 2022, retaining majority ownership by Intel (Nasdaq: INTC).

Intel has launched its 4th Gen Xeon Scalable processors, a pivotal moment aimed at revitalizing its business in the data center market. This new lineup, including the Max Series and Data Center GPU Max Series, features extensive customer adoption and offers enhanced performance in AI, networking, and high-performance computing.

The processors boast a 2.9x efficiency improvement per watt, up to 70-watt power savings, and a lower total cost of ownership (TCO) between 52% to 66%. They are designed for sustainability and built using over 90% renewable energy.

Mobileye announced an expected $17 billion revenue pipeline for Advanced Driver-Assistance Systems (ADAS) through 2030 during CES 2023. Of this, $3.5 billion is projected from the SuperVision system, launched in Q4 2021. The company also anticipates $3.5 billion from Autonomous Mobility-as-a-Service products by 2028, highlighting strong demand from global automakers. Mobileye projects 1.2 million SuperVision-based vehicles by 2026 and continues to innovate in the ADAS market, with over 233 models launched globally in 2022.

Intel Corporation will report its fourth-quarter and full-year 2022 financial results on January 26, 2023, after market close. A corresponding earnings conference call will be held at 2 p.m. PST on the same day to discuss these results. Investors and interested parties can access a live public webcast of the call through Intel's Investor Relations website. This event is significant for investors closely monitoring INTC stock performance.

Mobileye has announced a collaboration with Wistron NeWeb Corp. for the production of automotive-grade software-defined imaging radars aimed at enhancing autonomous vehicle technology. The radars, designed for production within two years, will improve object detection and perception in various weather and lighting conditions, supporting Mobileye's advanced driver-assistance systems. The technology features Massive MIMO antenna design and state-of-the-art algorithms, promising reliable performance. Intel retains majority ownership of Mobileye, which has equipped over 125 million vehicles globally.