Ambarella is providing three types of chips to Rivian for the R1T electric truck. These applications represent a major new opportunity for Ambarella moving forward. The Rivian design highlights the use of Ambarella's AI vision SoCs in centralized automotive computing applications. Additionally, the R1T also uses Ambarella's CV22AQ CVflow automotive SoC for its surround-view camera processing and gear guard security system. The R1T's Driver+ system utilizes multiple CV2AQ CVflow automotive SoCs for its AI vision processing.
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The R1T's Driver+ features 11 cameras, five radars, and 12 ultrasonic sensors to deliver true hands-free driving assistance along with a full set of safety features. But there's another way to buy into Rivian's growth through a company that has set the stock market on fire this year - Ambarella ( AMBA 2.46%).ĪMBA data by YCharts Rivian could give Ambarella a nice boostĪmbarella management pointed out on the company's December earnings conference call that Rivian's R1T truck is equipped with multiple cameras, radars, and sensors. It's the craze around electric vehicles (EVs) that has made Rivian stock a popular investment. That's impressive considering that Rivian is still largely a pre-revenue company it has just sold a dozen of its trucks. Electric truck company Rivian Automotive ( RIVN 1.28%) has been receiving a lot of love on Wall Street of late as analysts seem convinced about the company's ability to sell a truckload of vehicles beginning next year, thanks to orders from Amazon and the potential boom in the demand for electric trucks in the U.S.īank of America, for instance, has a $170 price target on Rivian stock, which implies a nearly 50% upside from its price as of this writing.
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