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Intel buys Mobileye for $15 billion to challenge Nvidia for the future of self-driving cars

PCWorld

Intel is no longer satisfied just partnering with other companies to create self-driving cars: it wants to own the whole stack. The chip maker just announced it intends to purchase Jerusalem-based Mobileye for $15.3 billion. The two companies were already working together on various projects. The pair announced a partnership with BMW in July 2016 with the aim of putting an autonomous car on the streets by 2021. Then in November, the two companies partnered with auto parts maker Delphi to create the Automated Driving Group, which will create a self-driving car system that can be sold to automakers.


BMW teams up with Intel, Mobileye to develop self-driving cars

Daily Mail - Science & tech

German car maker BMW has announced that it is joining forces with US computer chip giant Intel and the Israeli technology firm Mobileye to develop self-driving cars. The three companies'are collaborating to bring solutions for highly and fully automated driving into series production by 2021,' they said in a joint statement. The news comes amid growing interest in self-driving cars following tests over the past few years by Google and research by several major automakers. The future of BMW could see driverless cars rolled out by 2021 in an effort to make travel'safer and easier'. Pictured is the German car firm's i3 electric car Germany's premium auto makers are at the centre of thecountry's global reputation for meticulous engineering.


Intel to supply carmaker with eight MILLION self-driving computers - but won't say which one

Daily Mail - Science & tech

Intel's autonomous driving unit just landed a big contract. Israeli tech firm Mobileye has signed a deal to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters. Financial terms of the deal and the identity of the automaker were not revealed. Israeli tech firm Mobileye has signed a deal to supply eight million cars at a European automaker with its self-driving technologies. The deal marks one of the largest yet for Mobileye and is a sign of how carmakers and suppliers are accelerating the introduction of features that automate certain driving tasks, like highway driving and emergency braking, to generate revenue.


Intel to acquire self-driving firm Mobileye for $15 billion

Boston Herald

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "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."


Intel to acquire self-driving firm Mobileye for $15 billion

USATODAY - Tech Top Stories

Intel announced Monday it will acquire Mobileye in a deal worth about $15 billion, as the tech giant makes a deeper push into the growing self-driving vehicle market. In a statement, Intel says it plans to acquire Mobileye for $63.54 per share in cash. The equity value of the deal is $15.3 billion, while the enterprise value of the acquisition is $14.7 billion. "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."