Tuesday, June 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Western Digital Launches New My Passport Ultra Drive
AMD Radeon Vega Frontier Edition Launches for $1,000
Huawei Unveils the Honor 9 in Berlin
European Commission Fines Google Record 2.42 billion Euros For Giving Advantage to own Comparison Shopping Service in Search
Fujitsu Virtual Machine Control Technology Improves Server Density
Samsung Foundry Focuses on 6nm Process to Beat TSMC
Sprint Starts Partnership Talks With US Cable TV Providers Charter Communications and Comcast
Western Digital Resubmits Bid for Toshiba Chip Unit
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Intel T...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 13, 2017
Intel To Buy Mobileye For About $15 Billion


Intel and driverless technology firm Mobileye have entered into a definitive agreement pursuant to which Intel will acquire Mobileye for for $15.3 billion, the largest ever acquisition of an Israeli high-tech company.



Under the terms of the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.

The acquisition will couple Intel's high-performance computing and connectivity expertise and Mobileye's computer vision expertise to create automated driving solutions from the cloud through the network to the car.

Mobileye has industry leading technology for the vision engine (seeing the world). The sensor data from cameras is used to build an environmental model of the vehicle's surroundings and the Mobileye analytics are needed to understand the surrounding environment including other cars, road signs, pedestrians, and any other object a car will normally encounter.

In addition, Mobileye is focusing effort into developing its multi-camera-based HD map enhancing Road Experience Management (REM) system.

By joining together with Intel, Mobileye can enhance and accelerate Mobileye's existing ADAS and autonomous driving programs through additional know- how in the areas of mapping, virtual driver, simulators, hardware, data centers, and high-performance computing platforms.

Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.

The two companies are already collaborating with German automaker BMW on a project to put a fleet of around 40 self-driving test vehicles on the road in the second half of this year.

Until receently, Mobileye relied on chipmaker STMicroelectronics to produce chips which the Israeli company sells to many of the world's top automakers for its current, third-generation of driver-assistance systems.

However, while it was working with BMW, Mobileye also teamed up with Intel for its fifth-generation of chips that aim to be used in fully autonomous vehicles and are scheduled to be delivered around 2021.

Last October, Qualcomm announced a $47 billion deal to acquire NXP, the largest automotive chip supplier, putting pressure on other chipmakers seeking to make inroads into the market for autonomous driving components, including Intel, Mobileye and rival NVIDIA.



Previous
Next
Apple Leads in U.S. Smartphone Market        All News        TSMC Receives HPC Chip Orders From Nvidia, Qualcomm
Facebook Says Developers Cannot Use Its Data For Surveillance     General Computing News      TSMC Receives HPC Chip Orders From Nvidia, Qualcomm

Get RSS feed Easy Print E-Mail this Message

Related News
Intel to Bring Virtual Reality and 5G to Olympic Games
First Intel Core X-Series Processors Pre-Orders Begin Today, Available Starting June 26
Microsoft Used AI to Help Crack Down on Tech Support Scams
Intel Details "mesh" On-chip Interconnect Technology Features in New Intel Xeon Scalable Processors
Intel Invests in Three AI Companies
Microsoft AI Masters Pac-Man
Intel Showcases PC Gaming and VR Experiences at E3, Announces Intel Grand Slam for Esports and Pre-Orders for Core X-series Processor Family
LG Establishes New Robotics and AI research Divisions
Intel is Threatening ARM and Microsoft For Emulating x86 ISA
Intel Adds the DC P4501 Low-Power NVMe SSD to Enterprise Lineup
Google to Retire the AlphaGo AI Program
Apple is Building AI Chip for iPhone

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .