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Tier 1 supplier Bosch is discontinuing its joint development agreement with Gapwaves. The agreement was said to have an expected value in the high-double-digit million-euro range over the next decade, with the start of production in 2026/2027. This follows layoffs at Bosch as result of a weak automotive market, with soft demand for highly automated driving systems. It expects to compensate for this loss by growth with other tier 1 suppliers and in other verticals.
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