STMicroelectronics and Mobileye announced that the two companies are co-developing the next generation of their System-on-Chip processor for the vision-based driver-assistance segment of the automotive market. The EyeQ3 and EyeQ3-Lite will be the first members of a third-generation family in the co-operation, which began in 2005, between ST and Mobileye.

Design of the EyeQ3 is already underway. Stress-test qualification, according to AEC-Q100, is planned within 2013. Production is expected to start in 2014.

You can find the official announcement from STMicroelectronics here.