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Intel Buying Smart Car Tech Firm Mobileye for $15.3b

Move positions chipmaker as key player in smart, driverless cars.

by on Mar.13, 2017

Based in Jerusalem, Mobileye was founded in 1999.

U.S. computer chip and processor giant Intel will acquire the Israeli smart car tech firm Mobileye in a deal valued at $15.3 billion.

Supplying such automotive giants as General Motors and Volkswagen AG, Mobileye is one of the key producers of the onboard vision systems that anchor current advanced driver assistance systems – as well as tomorrow’s autonomous vehicle technology. The acquisition will help position Intel as a major player in the development of smart and driverless car systems.

Tech News!

“The acquisition of Mobileye completes a virtuous circle of growth,” Intel CEO Brian Krzanich said during a conference call on Monday morning, adding that he sees a natural fit between the two companies, combining the “eyes of the autonomous car with the intelligent brain that actually drives the car.”

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