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Intel acquires Mobileye for $15.3 Billion, Joins the self-driving technology developers’ league

Intel acquires Mobileye

Mumbai: The inventor of the x86 series of microprocessors, Intel has purchased the Israeli car tech firm, Mobileye for $15.3 Billion and has shaken up driverless car sector big way. Mobileye, an Israeli auto tech firm which develops autonomous car driving technology and covers a range of technology & services is finally an Intel property. Intel, which is a US based multinational corporation that manufactures semiconductor chips has finally entered the Silicon Valley’s race of developers of Self-Driving Technology. By entering the developers league of Autonomous Driving Technology, Intel has brought a fresh competition in the Autonomous Driving Technology Market.

 

Brian Krzanich, Intel CEO, said, “This acquisition is a great step forward for our Shareholders, the Automotive Industry and Consumers”.

 

This mega acquisition will not only mark Intel’s mark in various range of different pieces that go into autonomous driving system but will also build a healthy relationship with the grand Automakers like BMW, Audi and many more.

 

Douglas Davis, the Senior Vice President and General Manager of Automated Driving Group at Intel, will oversee the mutual work by Mobileye and Intel and report to Prof. Amnon Shashua. Prof. Amnon Shashua who is Mobileye’s CTO and Co-founder, will lead the Israel based Intel’s autonomous driving division.

 

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