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Redeye states Gapwaves delivered strong numbers that beat Redeye Research estimates (RRe) and consensus, partly driven by equipment sales. With the recently bagged Valeo production agreement, tier-1s are approaching start of production (SOP), underpinning sustained growth henceforth. Redeye raises its automotive expectations while it lowers expectations for Mobility and Telecom. Redeye makes minor adjustments to its Base Case.
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