Intel buying Mobileye to expand further into self-driving technology

Intel  logoIntel and Mobileye collaborated in a test of self-driving hardware and software with BMW. No commercial projects have materialized as of yet, but about 40 test vehicles will hit the road in Europe later in 2017 as a result.

"Put just one million autonomous vehicles on the road and you have the data equivalent of half the world's population," said Intel CEO Briann Krzanich. "Our strategy is to make Intel the driving force of the data revolution across every technology and every industry. We are a DATA company. The businesses we focus on, and deliver solutions to, create, use and analyze massive amounts of data."

Mobileye used STM chips for its products that it is currently supplying to auto manufacturers. A shift to Intel-produced chips is expected by 2020.

The deal will see Intel's Automated Driving Group (ADG) integrated into Mobileye, according to Mobileye's founders. Intel's ADG, currently located in California, will be headquartered in Israel.

"Combining forces will help accelerate our plans and lower our execution risks," Mobileye founders Ziv Aviram and Amnon Shashua said in a memo to employees. "We aim to become the leading team in autonomous driving. We want to make an impact on the world and this acquisition will enable us to accomplish that."

Mobileye was founded in 1999 in Israel. It launched an IPO in 2014, and had a market value of $10.6 billion before the buyout deal was announced. Tesla ceased doing business with Mobileye after a self-driving system related crash in 2016 caused the death of a driver.

The deal is for $63.54 per share in cash, and regulatory approvals aren't expected to conclude until the end of 2017.

Intel покупает Mobileye

Rumors of Apple's interest in creating a branded self-driving car surfaced early in 2015. Dubbed Project Titan, the internal initiative was reportedly staffed by more than 1,000 engineers and other personnel working out of top secret labs in Sunnyvale, Calif., some of whom were pulled from other consumer product teams.

According to the most recent rumblings, Apple has pivoted away from a full-fledged self-driving car platform and is now focusing on the development of autonomous vehicle software and supporting hardware. Interestingly, Apple's driverless product, if it ever materializes, might intersect with the company's augmented reality initiative. In October, reports claimed Apple is currently testing AR-based navigation and other autonomous vehicle solutions using virtual reality simulators.

Source: AppleInsider

Tags: automobiles, Intel

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Galaxy Note10 really is built around a 6.7-inch display
You may still be able to download your content
Facebook, Messenger and Instagram are all going away
Minimize apps to a floating, always-on-top bubble
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
The 2001 operating system has reached its lowest share level
The entire TSMC 5nm design infrastructure is available now from TSMC
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (15)