Home / news / Intel to buy Israeli technology firm Mobileye for $15 bln quoting : Reuters

Intel to buy Israeli technology firm Mobileye for $15 bln quoting : Reuters

as informed in A device, part of the Mobileye driving assist system, is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem October 24, 2012.
Intel will integrate its automated driving group with Mobileye’s operations, with the combined entity being run by Mobileye Chairman Amnon Shashua from Israel.
REUTERS/Baz Ratner/File PhotoJERUSALEM U.S. chipmaker Intel agreed to buy driverless technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones.
At the same time, Mobileye has teamed up with Intel for its fifth-generation of chips that will be used in fully autonomous vehicles that are scheduled for delivery around 2021.
Yossi Vardi, seen as the godfather of Israeli high-tech, said the deal was a big endorsement of the whole sector.

Intel to buy Israeli technology firm Mobileye for $15 bln

referring to “Mobileye’s technology is very critical …
Intel will integrate its automated driving group with Mobileye’s operations, with the combined entity being run by Mobileye Chairman Amnon Shashua from Israel.
By Tova Cohen and Ari RabinovitchJERUSALEM (Reuters) – U.S. chipmaker Intel (INTC.O) agreed to buy driverless technology firm Mobileye (MBLY.N) for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones.
At the same time, Mobileye has teamed up with Intel for its fifth-generation of chips that will be used in fully autonomous vehicles that are scheduled for delivery around 2021.
Yossi Vardi, seen as the godfather of Israeli high-tech, said the deal was a big endorsement of the whole sector.

referring to

Intel to buy Israeli technology firm Mobileye for $15 billion

FILE PHOTO: Signage is seen at the offices of Israeli driving assistant software maker Mobileye NV in Jerusalem September 14, 2016.
REUTERS/Baz Ratner/File PhotoFILE PHOTO: Chairman of Israeli driving assistant software maker Mobileye NV, Amnon Shashua, poses for a photograph at his office in Jerusalem September 14, 2016.
Intel will integrate its automated driving group with Mobileye’s operations, with the combined entity being run by Mobileye Chairman Amnon Shashua from Israel.
REUTERS/Ronen Zvulun/File PhotoJERUSALEM U.S. chipmaker Intel (INTC.O) agreed to buy driverless technology firm Mobileye (MBLY.N) for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones.
REUTERS/Brendan McDermid/File PhotoFILE PHOTO: A device, part of the Mobileye driving assist system, is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem October 24, 2012.

collected by :Sofia Iden

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