https://wccftech.com/intels-nasdaq-intc-mobileye-ceo-views-consolidation-as-the-only-viable-path-forward-for-the-autonomous-driving-industry/

Intel (NASDAQ:INTC) has been performing fairly well even amid the ongoing macroeconomic deceleration spurred by the coronavirus (COVID-19) pandemic. As an illustration, the chipmaker disclosed during its Q1 2020 earnings announcement that it was able to maintain “essential factory operations with greater than 90 percent on-time delivery”. Moreover, Intel provided solid guidance for Q2 2020, expecting $18.5 billion in revenue and a 28 percent operating margin (on GAAP basis). However, this does not mean that the company’s product lines are immune to secular trends.

As a case in point, the CEO of Intel’s Mobileye – the company that develops chips for vision-based autonomous vehicles – adopted a fairly somber tone today while declaring that consolidation is the only viable path forward for the autonomous driving industry as the challenge is insurmountable for any single company.