Intel Acquires Self-Driving Tech Firm Mobileye For $15 Billion | News & Opinion | PCMag.com

he chip giant on Monday announced plans to acquire Jerusalem-based self-driving technology firm Mobileye for $15 billion. The transaction is expected to close within the next nine months.Mobileye makes computer vision, machine learning, data analysts, and mapping technology for advanced driver assisted systems and autonomous driving. Intel said the acquisition will position it as a “leading technology partner for the fast-growing market for highly and fully autonomous vehicles.” With Mobileye under its wing, Intel said it will be able to “accelerate innovation for the automotive industry.”Intel sees huge moneymaking opportunities here. The company estimates the vehicle systems, data, and services market to reach $70 billion by 2030

Source: Intel Acquires Self-Driving Tech Firm Mobileye For $15 Billion | News & Opinion | PCMag.com