Innoviz Technologies Ltd., a leading Tier-1 supplier of high-performance, automotive-grade LiDAR sensors and perception software, announced today the shipment of the first InnovizTwo LiDAR units from Fabrinet's (NYSE: FN) high-volume production line. This marks a major milestone in Innoviz's journey to mass-produce its InnovizTwo LiDAR technology for the autonomous vehicle industry. The production ramp-up at Fabrinet's facility follows months of collaboration and extensive training, ensuring that all production procedures meet Innoviz's ri...

Samsung Electronics today announced that it has signed an agreement to acquire Xealth, a unique healthcare integration platform that brings diverse digital health tools and care programs that benefit patients and providers. Together with Samsung’s innovative leadership in wearable technology, the acquisition will help advance Samsung’s transformation into a connected care platform that bridges wellness and medical care bringing a seamless and holistic approach to preventative care to as many people as possible. This acquisition will further Samsung’s push to u...

AEye, Inc., a global leader in adaptive, high-performance lidar solutions, today announced that its Apollo lidar units have been selected by a major transportation OEM, representing a potential revenue opportunity of $30 million or more anticipated over the next 24 to 36 months. The OEM selected AEye specifically for Apollo’s unmatched ability to detect objects at up to one kilometer, enabling faster hazard identification and response time. This selection marks a major milestone in advancing long-range safety systems for transportation applications where early object det...