Ambarella, Inc. (NASDAQ:AMBA) Q2 2024 Earnings Call Transcript

Gary Mobley: I’m sorry, go ahead, Fermi.

Fermi Wang: I was just saying that maybe they will have different degrees of inventory, but all of them have some significant inventories.

Gary Mobley: Okay. Thank you. So a follow-up, I wanted to ask about your relationships with Bosch and some other China Tier 1 partners for CV3, where do those stand relative to how Continental is moving along?

Fermi Wang: So I think in China, we focused on working with Chinese Tier ones as the first priority, and also with Conti and Bosch. So I think that those are the priorities that we have. And we definitely have continue to have appeal Sung RFQ OEMs through those Tier 1, CV72 because this is really the silica is not ASO policies is SoC solution. This is definitely Chinese Tier 1 play for Porsche and Conti will focus on the CV3 levels a solution to Chinese market right now. And we definitely have a multiple discussion with Bosch and Conti on this.

Gary Mobley: Thanks, Fermi. Thanks.

Operator: Thank you. This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to Dr. Fermi Wang for any further remarks.

Fermi Wang: Thank you everybody for joining us today and looking forward to talk to you soon. Thank you.

Operator: Thank you, ladies and gentlemen for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.