At CES 2019, Intel INTC unveiled new ninth generation desktop processors to be launched in the second quarter, 10-nanometer Sunny Cove processors to be launched for holiday 2019, and Cascade Lake server CPUs available today (for major cloud customers). Through Nervana, the firm will also be launching an inference-based NNP-I sometime in 2019 to compete against the likes of Nvidia's T4 and Google's TPU, though exact details weren't disclosed. We were most interested in the firm's Mobileye presentation, which we attended, to hear co-founder Amnon Shashua provide updates to the firm's progress in both ADAS and self-driving. We remain positive on Intel's future prospects and see an attractive margin of safety relative to our unchanged $65 fair value estimate for this wide-moat chip titan.
In 2018, Mobileye recorded 28 new design wins while 7 vehicle models launched with EyeQ 4 processors for advanced functionalities beyond basic ADAS. For the year, it shipped 12.4 million EyeQ chips versus 2.7 million in 2014, which represents a 46% CAGR. Highlighting the firm's safety prowess, 12 of the 16 Euro New Car Assessment Program 2018 models with 5-star safety ratings had Mobileye inside. The latest BMW X5 has a trifocal camera powered by the EyeQ 4 for superior 3D detection and map harvesting via Mobileye's Road Experience Management that captures mapping data in production vehicles. We continue to view Mobileye's strategy of perfecting ADAS to bolster the necessary building blocks for autonomous vehicles as a pragmatic and economical move.
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