The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Into the quarter, I think there was some optimism growing around some decision-making, moving forward with some automotive OE, just given
-- we saw other announcements or some adjacent technologies, specifically VW. So what -- I understand the inventory commentary, but what
about your conversations with just generally in the automotive space around decision-making moving forward. Because as you said, these cycles,
you would think we should start to see some movement near term despite what we're seeing around the latest on the inventory side.
Feng-Ming Wang - Ambarella, Inc. - Co-Founder, President, CEO & Executive Chairman
So you are talking about CV3 engagement?
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Well, I guess that was more so in terms of being able to announce the design wins, just that we're seeing some movement and we are seeing some
decision-making move forward with some adjacent technologies. I guess where does CV fit in there? I would think that you would start to see some
movement even despite these inventory pressures.
Feng-Ming Wang - Ambarella, Inc. - Co-Founder, President, CEO & Executive Chairman
So I think like in our script, we talk about -- we believe we can give you more update in -- before year of the year. There are 2 things we're going to
give you indication. One is we're going in November, we want to give a final update, which will probably give you indication how we're doing with
the OEM in terms design wins as well as we're going to talk about CVG engagement, we said probably by the end of the end of the year, we will
talk about that. So hopefully, that will continue to provide you input.
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AUGUST 30, 2022 / 8:30PM, AMBA.OQ - Q2 2023 Ambarella Inc Earnings Call
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