Intel Confirms $15 Billion Mobileye Deal (axios.com)

Posted by ryuzaki0 on Monday March 13, 2017 @01:30AM from the prepping-for-next-big-race dept.

Intel is paying $15.3 billion to acquire Israeli computer vision company Mobileye in an effort to boost the chipmaker's position in the autonomous car market. From a report on Axios: Intel is tapping its foreign cash, paying $63.54 per share in cash for the company and said it should be immediately a boost to its per-share earnings; it is expected to close late this year. Intel CEO Brian Krzanich's letter to employees, as well as a missive from Mobileye insist "that instead of Mobileye being integrated into Intel, Intel's Automated Driving Group will be integrated into Mobileye."

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Re:Drove a car with mobileye camera unit by Anonymous Coward · 2017-03-13 04:56 · Score: 2, Informative

Yes, most car manufacturers are putting this type of stuff in their new cars...and generally, they're buying it from MobileEye. Ford, GM, et al aren't developing the silicon, algorithms, etc in-house. It's all 3rd party supplied, just like it really should be. This type of stuff isn't their expertise.
This is a big move by Intel. MobileEye is probably the most advanced system out there right now.