Mobileye faces intensified competition in the chip market and profitability challenges

Against the backdrop of increasingly fierce competition in the automotive chip market, Mobileye's profitability problem remains to be solved. Data shows that in 2021, 2020 and 2019, Mobileye's annual operating net losses were US$75 million, US$196 million and US$328 million, respectively. In 2022, Mobileye achieved annual revenue of US$1.869 billion, a year-on-year increase of approximately 35%, but it still remained in a loss-making state.