Intel Completes Acquisition of Autopilot Technologies Mobileye Deal

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On the evening of August 8, Beijing time, Intel announced today that it has completed the acquisition of the Israeli autopilot technology company Mobileye. Let's take a look at the related content with the car electronics editor.

Intel announced in March that it will acquire all of Mobileye's outstanding shares in cash at $63.54 per share, with a transaction size of approximately $15.3 billion.

Mobileye is a well-known Israeli Advanced Driver Assistance System (ADAS) manufacturer that provides algorithms and computer chips that can predict potential collisions based on images (taken by cameras on the car). Currently, Mobileye's research and development focuses on fully automated driving systems.

The two parties said that the acquisition will accelerate innovation in the automotive industry and strengthen Intel's position as a leading technology supplier in the field of autonomous vehicles.

Intel expects autopilots to generate 4000 GB per day by 2020, and the global vehicle systems, data and services market will reach $70 billion by 2030.

Mobileye will merge with Intel's Automated Driving Division (ADG) to form a new autonomous driving division. The department's headquarters will be located in Israel, led by Mobileye co-founder, chairman and chief technology officer Amnon Shashua.

At the same time, another co-founder, CEO and president of Mobileye, Ziv Aviram, has decided to retire immediately.

The above is about the automotive electronics - Intel completed the acquisition of the autopilot company Mobileye transaction related introduction, if you want to know more information, please pay more attention, electronic engineering will provide you with more complete, more detailed, updated information.

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