Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Driverless autos, trucks, taxis etc. -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (394)

12/16/2020 10:02:20 AM

From: Sam

1 Recommendation

Recommended By
kidl

Read Replies (1) | Respond to of 567

Luminar, Intel's MobilEye Move Forward With Self-Driving Technology Collaboration
MT NEWSWIRES 7:20 AM ET 12/16/2020

Symbol Last Price Change

LAZR	25.3263	+2.4563 (+10.7403%)
INTC	50.885	+0.22 (+0.4342%)
QUOTES AS OF 09:59:43 AM ET 12/16/2020

07:20 AM EST, 12/16/2020 (MT Newswires) -- Luminar Technologies(LAZR) and Intel(INTC) unit MobilEye said premarket Wednesday that they are affirming their previously announced deal to collaborate on assisted driving technology.

Under the collaborative deal, Luminar(LAZR) will provide its light detection and ranging technology which will enable the True Redundancy capability of MobilEye's Autonomous Vehicle Series product.

Luminar (LAZR) said that it has already agreed to provide MobilEye with its lidar in production volumes at sub-$1,000 cost.

Price: 25.41, Change: +2.54, Percent Change: +11.11