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Mobileye CEO expects ‘great consolidation’ in autonomous driving

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Acquisition, divestment & Spinoff

Individual companies developing one component are not sustainable, Shashua said

The budding autonomous driving industry needs to consolidate as it is too difficult for separate companies to cooperate in developing self-driving vehicles, Amnon Shashua, CEO of Intel-owned Mobileye, was quoted as saying by Reuters. According to Shashua, the current strategy of individual companies each focusing on one component, like safety, sensors or map is “not sustainable” because this is “an end-to-end system that cannot be broken down.”

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