Intel Acquires Car Sensor Specialist Mobileye
Intel Corp. continued its foray into the autonomous vehicle sector this week with the acquisition of computer vision and machine-learning specialist Mobileye for about $15 billion in cash.
Betting that autonomous vehicles are emerging as “data centers on wheels,” the chipmaker (NASDAQ: INTC) said Monday (March 13) the acquisition that also includes data analytics as well as mapping and “localization” technologies would advance its position in the booming vehicles systems and data services markets. “This transaction extends 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,” Intel noted in a statement announcing the deal.
The deal for Mobileye N.V. (NYSE: MBLY) follows Intel’s announcement in January that it would acquire a 15 percent stake in digital map and location services specialist HERE.
Along with connectivity, computer vision and machine learning, the companies also will combine sensor fusion and high-performance computing capabilities for mapping and location services.
Read the full story at sister web site EnterpriseTech.com.