Intel acquires Mobileye for $15.3 billion, expanding offerings and market presence in autonomous vehicle market

Briefing

Intel acquires Mobileye for $15.3 billion, expanding offerings and market presence in autonomous vehicle market

March 31, 2017

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

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