|
Briefing
|
- $15.3 Billion Mobileye Acquisition – Intel buys Mobileye, supplier of sensors and cameras for self-driving vehicles, for $15.3 billion, largest acquisition value for an Israeli technology company
- Intel Offering Expansion – Mobileye's technology and services, including sensor fusion mapping as well as front- and rear-facing cameras, will expand Intel's offerings in autonomous vehicle market
- Leveraging Mobileye's Existing Relationships – Gives Intel new relationships as Mobileye is currently working with 27 car manufacturers, including Audi and BMW
- Intel-Mobileye Partnership History – Intel started supplying chips to Mobileye’s planned platform for autonomous vehicles in November 2016, and both partnered with BMW in January 2017 to test 40 self-driving vehicles on roads in late 2017
- Requires Regulatory Approval – Acquisition already approved by both companies' board of directors, pending regulatory approval, and will close by end of 2017
|
|
Accelerator
|
|
|
Business Model and Practices
Business Model
and Practices
|
|
|
Sector
|
Information Technology, Transportation and Logistics
|
|
Organization
|
Intel Corp., Mobileye
|
|
Source
|
|
|
Original Publication Date
|
March 13, 2017
|
