Intel takes autonomous driving business Mobileye about – Update

Mar

13

2017

Intel acquired the Israeli company Mobileye amounting to $ 15.3 billion, converted 14 billion. Intel has confirmed the acquisition and will strengthen its position in the market for autonomous driving.

Intel calls an acquisition cost of $ 15.3 billion and the value of Mobileye would be at $ 14.7 billion based on the purchase price. According to the Israeli newspaper Haaretz is it the largest acquisition of Israeli tech industry until now, the newspaper said. Mobileye makes systems for autonomous driving. The company was founded in 1999 by Amnon Shashua and Ziv Aviram, which are now CTO and CEO respectively. The company headquarters is administratively located in the Netherlands, but its main activities take place in Israel.

Intel and Mobileye already working on several projects together with systems for autonomous driving and include BMW and General Motors implement technology company. For instance: for systems with which cars themselves to parallel parking and avoid collisions by alerting time or automatic braking. Together with BMW, Intel and Mobileye part of an open platform to fully autonomous driving permit by 2021.

According to Intel CEO Mobileye complements the existing automotive technologies of the company as Xeon chips, FPGAs, 3D XPOINT memory and modems. “This acquisition integrates the intelligent eyes of the autonomous car with the brain that drives the vehicle”, says the CEO.

Update 13:00 : The message is customized based on the confirmation of the acquisition.

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