Intel Is Playing Catch Up With Nvidia And Qualcomm In $15 Billion Mobileye Acquisition

Intel CEO Brian Krzanich, BMW CEO Harald Krueger, and Mobileye CTO and cofounder Amnon Shashua pose after a press conference in Munich on July 1, 2016. Intel started making lots of noise about the autonomous car market last year. But it's a long slog getting into a market like automotive, where it can take years to get designed into a vehicle. On Monday, the chip giant announced it would just buy its way into the market with a $15.3 billion acquisition of Mobileye, a leading provider of advanced driver assistant systems based in Israel. A massive consolidation spree is sweeping the semiconductor industry.