Intel grabs computer vision expert Mobileye: Page 2 of 2

March 13, 2017 //By Christoph Hammerschmidt
Intel grabs computer vision expert Mobileye
After having missed the starting shot to the digital revolution in the car, chip giant Intel is now catching up at high speed. The company has announced to acquire Mobileye, an Israel-based expert for computer vision and machine learning - and the application of these technologies in solutions for automated driving.

Intel has offered an acquisition price of about 14 billion euros, almost one third higher than Mobileye’s valuation at the stock exchange per last Friday. The transaction is expected to close within nine months.

In the past, the American computer chip giant was struggling to get a foot into the automotive market. This changed when Intel signed a collaboration agreement with BMW and Mobileye past year to jointly develop the technology needed for automated driving. At the time of the agreement, many observers questioned about Intel’s role in this trio. Now they know.

Related articles:

Intel packages CPUs, FPGAs as GO to target automated driving systems

Intel buys into map services provider Here

BMW will soon test autonomous cars – with a little help from Intel and Mobileye

Delphi, Mobileye jointly develop platform for highly automated driving


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