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Aptiv PLC (APTV) Q2 2021 Earnings Call Transcript
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Aptiv PLC (APTV) Q2 2021 Earnings Call Transcript
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Advanced Driver Assistance Systems (ADAS) Sales to Increase 3 2X by 2031 against Current Valuation amid Demand for Improved Vehicle Safety: Future Market Insights Study
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Israel-based automotive chip company Valens Semiconductor Ltd. is in advanced negotiations to go public via a merger with a SPAC (special purpose acquisition company). Calcalist has learned that the merged company is set to be valued at between $1 billion and $1.2 billion. Valens has hired the services of Bank of America to lead the merger, the negotiations for which began three months ago.
Based in Hod Hasharon in central Israel, Valens was founded in 2006 and manufactures semiconductor products for the delivery of uncompressed HD multimedia content for the automotive, industrial, and consumer electronics markets. The company has raised $167 million to date from investors including Goldman Sachs, Samsung, and Oppenheimer Asset Management. Valens currently employs a team of 300 people in Israel, the U.S., Germany, Japan, South Korea, China, and Taiwan.
Aptiv introduces next-gen ADAS platform for highly automated and electrified vehicles; zone controllers
Aptiv PLC announced its next-generation Level 1-3 capable ADAS platform.
Aptiv’s full-stack capabilities are helping customers realize their technology roadmaps and democratize advanced safety systems faster and at a lower cost. Its award-winning first-generation automated driving satellite compute platform leverages the integration of its Satellite Architecture and active safety software, perception systems and compute. Aptiv’s Satellite Architecture is being deployed by multiple OEMs around the world on more than 10 million vehicles over the next few years.
Building on this trusted foundation, Aptiv’s next-gen ADAS platform will enable new levels of safety, comfort and convenience. Purpose-built for scalability, it cost-effectively spans all vehicle segments by managing the software complexity and supporting features that range from entry-level safety compliance to advan