Mobileye still faces profitability challenges amid intensifying competition in the automotive chip market

Despite the increasingly fierce competition in the field of automotive chips, Mobileye's profitability problem has not been solved. Data shows that in 2021, 2020 and 2019, the company's annual operating net losses were US$75 million, US$196 million and US$328 million respectively. In 2022, the company achieved annual revenue of US$1.869 billion, a year-on-year increase of about 35%, but it still maintained a loss-making state, with a full-year net loss of US$82 million, a slight increase from 2021.