- Innoviz Technologies (INVZ, Financial) partners with Fabrinet (FN) for LiDAR platform production.
- Fabrinet's facility meets German VDA 6.3 standards for automotive manufacturing.
- The partnership aims for efficient, cost-effective mass production.
Innoviz Technologies Ltd. (NASDAQ: INVZ), a leading supplier of high-performance LiDAR sensors, has announced a strategic collaboration with Fabrinet (NYSE: FN), a prominent provider of advanced optical packaging and precision manufacturing services. This partnership marks a pivotal step in the mass production of the InnovizTwo LiDAR platform, including both Long-Range and Short- to Mid-Range solutions.
Under the agreement, Fabrinet will leverage its global manufacturing sites located in the United States and Asia to provide end-to-end manufacturing services. This collaboration enables Innoviz to scale production efficiently while maintaining competitive pricing without compromising on quality. This move is significant as Fabrinet's facility has passed rigorous audits by several global leading automotive OEMs according to the German automotive VDA 6.3 standard, underscoring its capability to produce automotive-grade products.
Omer Keilaf, CEO and Co-Founder of Innoviz Technologies, expressed enthusiasm about the partnership, highlighting Fabrinet's world-class manufacturing expertise as a crucial factor in bringing the InnovizTwo product platform to mass production. Harpal Gill, President and Chief Operation Officer of Fabrinet, reiterated their commitment to supporting Innoviz in achieving this significant milestone, reinforcing Fabrinet's position as a leading contract manufacturer for complex automotive products.
With Fabrinet's established manufacturing prowess, Innoviz aims to focus its resources on designing cutting-edge LiDAR technology, meeting the demand of automotive OEMs globally. This strategic partnership not only enhances Innoviz's readiness for mass-market entry but also strengthens its standing as a credible supplier in the competitive automotive industry.
