Intel races ahead in autonomous cars with $15.3 billion Mobileye buy

Intel has shifted its self-driving car efforts into high gear with a $15.3 billion deal to acquire computer vision and collision-avoidance company MobileEye. With the deal, announced Monday, Intel gets its hands on technology for machine learning, data analysis, localization and mapping for driver assistance systems and autonomous driving. Mobileye develops a full package of software and chips designed for use in autonomous cars. The deal is expected to close in nine months and calls for the combined global autonomous driving organization, which will consist of Mobileye and Intel's Automated Driving Group, to be headquartered in Israel and led by Amnon Shashua, Mobileye's co-Founder, chairman and CTO. The acquisition of MobileEye will be merged with Intel technologies like Xeon processors, FPGAs (field programmable gate arrays), 3D Xpoint memory and 5G modems in autonomous cars said Brian Krzanich, Intel's CEO.