Intel acquires Mobileye: ups ante in driverless car sector
Move could propel the world's largest computer chipmaker into the front ranks of automotive suppliers
The world’s largest computer chipmaker, Intel Corp. has entered into an agreement that would see it acquire Mobileye. The deal could thrust Intel into direct competition with rivals Nvidia Corp. and Qualcomm Inc. to develop driverless systems for global automakers.
The acquisition couples the best-in-class technologies from both companies, including Intel’s high-performance computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to the car.
The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. The transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device.