Mobileye, Intel

Intel's $15 billion purchase of Mobileye shakes up driverless car sector

JERUSALEM/DETROIT (Reuters) - Intel Corp (INTC.O) agreed to buy Israeli autonomous vehicle technology firm Mobileye (MBLY.N) for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp (NVDA.O) and Qualcomm Inc (QCOM.O) to develop driverless systems for global automakers

The pricey acquisition of Mobileye could propel the world's largest computer chipmaker into the front ranks of automotive suppliers at a time when Intel has been reaching for market beyond its core computer semiconductor business


Intel Acquires Mobileye, Makes $15 Billion Bet on Self-Driving Vehicles

The autonomous vehicle (AV) ecosystem felt quite the ripple when news broke March 13 that Intel was buying Mobileye, an Israel-based autonomous vehicle parts startup. The two companies had been working together  beginning in July 2016, but confirmed that Intel will acquire the Mobileye for nearly $15 billion, or $63.54 per share


Intel banking on Mobileye deal for a drive in the right direction

 Intel Corp has had a tough time squeezing value out of recent mega-deals, putting some pressure on the success of its proposed US$15bil (RM66.72bil) acquisition of Israeli car-technology firm Mobileye NV.

Self-driving cars are widely seen as the future of transportation and a growth area, but the Intel deal depends on more than technology as it looks to expand revenue in an increasingly competitive nascent sector

Intel to drop $15B on Mobileye in race for a driverless future

Intel will buy Israel’s Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology

The deal announced Monday combines Mobileye’s market-leading software that processes information from cameras and other sensors with Intel’s hardware, data centers and its own software, giving automakers a one-stop place to shop for fully autonomous systems


Intel Confirms Acquisition Of Mobileye Self-Driving Car Tech Firm For $15.3 Billion

With a deal valued at $15.3 billion, Intel is all set to acquire Mobileye, a company which is known to have expertise in chips for vision-based autonomous vehicles

The news of Intel tying up with Israel-based Mobileye was announced on March 13. Earlier, it was reported by Intel that the company is expected to spend $250 million, within the next two years for the development of autonomous vehicles


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