Self-Driving deal ? Intel lines up $15B Mobileye acquisition | cross pond high tech | Scoop.it

Intel inked a deal to acquire Mobileye, which the chipmaker’s chief Brian Krzanich said enables it to “accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers”.

 

Mobileye offers technology covering computer vision and machine learning, data analysis, localisation and mapping for advanced driver assistance systems and autonomous driving. The deal is said to fit with 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”.

 

A combined Intel and Mobileye automated driving unit will be based in Israel and headed by Amnon Shashua, co-founder, chairman and CTO of the acquired company. This, Intel said, “will support both companies’ existing production programmes and build upon relationships with car makers, suppliers and semiconductor partners to develop advanced driving assist, highly-autonomous and fully autonomous driving programmes”.