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Intel reportedly acquiring Mobileye's self-driving car technology in $15 billion deal
Intel is reportedly acquiring Mobileye, a company that specializes in chips for vision-based autonomous vehicles. The Marker and Axios both claim the deal is valued at around $15 billion, and it will see Intel take over some key technology for its ambitions to lead autonomous cars. BMW, Intel, and Mobileye have all partnered to deploy 40 autonomous vehicles for testing on public roads later this year. Intel and Mobileye's technology is to be tested on roads in the US and Europe.
Intel's acquisition of Mobileye is expected to be confirmed this morning, and it will mark a huge investment in self-driving cars for the chip company. Intel previously said it will spend $250 million over the next two years toward the development of autonomous vehicles, but a $15 billion deal is far more significant.