Global Sourcing Spotlight: Tariffs—The New Reality
Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
AEye Announces Partnership with Leading Automotive Electronics and Vision Solutions Provider, LITEON
May 13, 2024 | BUSINESS WIREEstimated reading time: 1 minute
AEye, Inc., a global leader in adaptive, high-performance lidar solutions, today announced that the non-binding Letter of Intent (“LOI”) announced in March is with LITEON Technology Corporation and is intended to provide AEye with a customer channel and industrialization partnership. Both companies will work together to supply AEye’s 4Sight™-based lidar products to automotive original equipment manufacturers (OEMs) who are focused on safety through automotive Advanced Driver Assistance Systems (“ADAS”). This is a logical collaboration as AEye continues to focus on its unique capital light business model, which leverages automotive Tier 1 partnerships to deliver AEye’s lidar solutions to OEMs through world-class pipelines.
Matt Fisch, AEye CEO, said, “We believe that LITEON is an ideal partner for us. Their innovative spirit, vast experience in providing solutions to the automotive ADAS market, combined with their cutting-edge industrialization capability will enable us to provide the industry’s leading long-range lidar solutions at a very competitive cost to our customers. We are already collaborating on the OEM RFI/RFQ pipeline and I’m enthusiastic about our combined ability to capture a significant portion of the market.”
LITEON is a leading, global provider of electronic solutions for automotive OEMs around the world. With over four decades of expertise in the automotive electronics industry, LITEON harnesses its core competencies in optoelectronics and power management to pioneer the future of automotive electronics. Leveraging their various manufacturing facilities, LITEON supplies services from design to manufacturing to most of the top Tier 1s and OEMs in Europe and North America.
The companies are excited about this new chapter and look forward to partnering to bring AEye’s 4Sight solution to the automotive market. This partnership is poised to pioneer the industry, leveraging their unique expertise to propel the future of autonomous driving.
Share on:
Suggested Items
Flexible PCB Market to Reach $61.75B by 2032, Driven by the Demand for Compact Electronics, Automotive and Medical Applications
05/16/2025 | Globe NewswireAccording to the SNS Insider, “The Flexible PCB Market was valued at USD 21.42 billion in 2023 and is expected to reach $61.75 billion by 2032, growing at a CAGR of 12.52% over the forecast period 2024-2032.”
Top 10 OSAT Companies of 2024 Revealed—China Players See Double-Digit Growth, Reshaping the Global Market Landscape
05/13/2025 | TrendForceTrendForce’s latest report on the semiconductor packaging and testing (OSAT) sector reveals that the global OSAT industry in 2024 faced dual challenges from accelerating technological advancements and ongoing industry consolidation.
Cadence, AVCC to Advance Physical AI Innovations for Autonomous Vehicles
05/12/2025 | Cadence Design SystemsCadence has joined the Autonomous Vehicle Computing Consortium (AVCC), marking a significant step forward in Cadence's commitment to advancing autonomous vehicle technology for the physical AI era by working with industry leaders to define high-performance computing (HPC) and safety solutions for next-generation autonomous vehicle systems.
DENSO, ROHM Reach Basic Agreement to Establish a Strategic Partnership in the Semiconductor
05/12/2025 | DENSODENSO CORPORATION and ROHM Co., Ltd. are pleased to announce that the two companies have reached a basic agreement to establish a strategic partnership in the semiconductor field. This agreement follows discussions and considerations that began in September 2024.
AEye, LITEON Confirm Production of First Apollo Units from New Manufacturing Line
05/12/2025 | BUSINESS WIREAEye, Inc., a global leader in adaptive, high-performance lidar solutions, announced it has successfully produced the first Apollo lidar sensors from the LITEON manufacturing line in Taipei, Taiwan.