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Intel Buys Mobileye in Biggest Ever Deal in Israeli High-tech

Intel Buys Mobileye For $15.3 Billion In Biggest Deal In Israeli High-Tech History

Computer chip giant Intel has agreed to buy Israeli autonomous driving company Mobileye for $15.3 billion, the biggest tech deal in Israel’s history.

“Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers,” Intel CEO Brian Krzanich said in a statement.

“Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”

Mobileye is the world leader in advanced driver assistance systems aimed to prevent road collisions, paving the future for driverless cars. Last year, Mobileye already partnered with Intel and BMW on a project to deploy 40 autonomous vehicles for testing on the roads later this year.

Mobileye’s co-founder and chairman Prof. Amnon Shashua said earlier this year that “together with BMW Group and Intel, Mobileye is laying the groundwork for the technology of future mobility that enables fully autonomous driving to become a reality within the next few years.”

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