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Why MicroVision Stock Soared Today
Next-generation assisted-driving tech company MicroVision (NASDAQ: MVIS) had a macro Wednesday as far as its stock performance was concerned. The deal will allow MicroVision to integrate the privately held, Germany-based company’s perception software features into its MicroVision ASIC assisted-driving system. At the time, the buyer wrote in a press release that “Together, MicroVision’s MAVIN lidar hardware and Ibeo’s mature software will position MicroVision as a leading hardware and perception software partner to [original equipment makers].”
