Intel just bought Mobileye for $15bn to join the driverless tech race
Intel might be known as one of the world’s largest chip manufacturers, but in the next few years it’s going to be strongly associated with driverless car technology too. The company has just bought Mobileye, a pioneer in the autonomous driving sector, for a huge $15bn.
like many other automotive companies, mobileye products are sourced by car makers and left unbranded. But since its creation in 1999, the Israeli company has become a leader in the autonomous sector. According to the Financial Times, its chips and cameras are installed in 15m vehicles, the company is in partnership with 25 automakers, and it has a 80% market share.