Mobileye, the Intel-owned leader in autonomous driving technology, has announced it will halt the internal development of next-generation FMCW lidar systems, affecting approximately 100 employees and redirecting $60 million in operating expenses. This decision, set to conclude by the end of 2024, is a strategic pivot towards enhancing its EyeQ6-based computer vision and internally developed imaging radar technologies, which are deemed more essential for future 'eyes-off' systems. The company insists that existing product programs will not be impacted, despite broader industry challenges, including volatile demand for driver-assistance chips. Mobileye's move comes amid a reevaluation of its technology roadmap and follows a recent cut in annual revenue forecasts. The shift reflects a wider trend in the semiconductor industry, with Mobileye focusing on scalable and cost-effective technologies amidst fluctuating market conditions. Additionally, Intel is reportedly considering selling part of its stake in Mobileye, which underscores ongoing financial scrutiny for the firm.