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
: I wanted to -- this Motional announcement this morning is interesting. It kind of dovetails with what Amazon announced with their Zoox platform
and robotaxis. I was hoping you could talk a little bit more about that specific market and what you think -- this is kind of starting to become a
trend. And with automotive, I guess, where do you see growth coming from? Or what's the growth trajectory like for robotaxis, both, I guess, over
the next couple of years? I know maybe it's not something we're kind of on this year, but can you talk more about that? It seems like you guys are
becoming kind of a bit of a pattern?
Feng-Ming Wang - Ambarella, Inc. - Co-Founder, President, CEO & Executive Chairman
Yes. So our feeling is that I think the Level 5 -- Level 4 car -- consumer cars continue to be challenging on the technology side as well as on the
regulation side. But we do see that people continue to develop technology toward that direction. And we believe with this Motional announcement,
it really is the first step at a truck, not a commercial vehicle -- or is commercial vehicle going to that direction, I think that's definitely probably easier
way to get this technology into production.
And I do believe that this is going to become an important sector, and I think that eventually, that's the most important market for us in the longer
term. So we continue to invest heavily into this market and continue to invest heavily into our technology to enable our customers to do this kind
of development.
And I think this is critically important, particularly on the perception portion, that from a visual perception, I think that it doesn't matter where the
CV -- Level 2+, Level 3 and Level 5. I think the visual perceptions continue to become more and more important and people continue demanding
higher performance for all of those applications. So that definitely is good news for Ambarella.
But also importantly, we believe that although the ADAS market Level 2+ -- Level 2 and Level 2+ is a near-term opportunity for us, but we believe
that later down the road, this type of Level 4, Level 5 cars will become probably the mainstream business when the technology and the regulation
are set for this market.
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MARCH 02, 2021 / 9:30PM, AMBA.OQ - Q4 2021 Ambarella Inc Earnings Call
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