intel makes $14b (u.s.) push into self-driving technology with mobileye
Clara, California. — Intel will buy Israel\'s mobile Ye for just over $14 billion (U. S. ) This is the latest self-driving car launched by a large technology company, and it may change the way traffic is running around the world. Mobileye has developed a technology that basically gives computers a sense of a physical environment and has been busy creating connections to get the technology on the road. Last year, it worked with Delphi Motor Company to develop a fully autonomous car. Read more: Delphi, the mobile Ye team built a high level for the auto platform Custom def roadmap Driving a car in 2016 Taxi-hailing company Uber Technologies and Volvo have signed a $0. 3 billion deal to provide SUVs for Volvo for research on driverless cars. General Motors Uber rival Lyft Inc. has invested $0. 5 billion Develop a fleet of autonomous electric taxis. Google teamed up with Fiat Chrysler to develop driverless minivans. Volkswagen is working with Uber\'s rival Gett. BMW, Intel and Mobileye also have a partnership, with Ford Investing $0. 15 billion in laser sensor maker Velodyne. In the latest deal announced earlier Monday, Intelwill pay $63. 54 per share of Mobileye N. V. , a 34-per- Its Friday closing price is at a premium of cents. The companies valued the deal at about $15. 3 billion. The combined global self-driving company, including mobile Ye and Intel\'s autonomous driving Group, will be based in Israel, led by the chairman and co-owner of mobile Ye Founder Amnon Shashua. The organization will support the existing production plans of the two companies and establish relationships with OEMs of the car 1 suppliers and semiconductor partners develop advanced driving assistance, highly autonomous and fully autonomous driving plans. Intel CEO Brian Krzanich said in a press release issued by the company that by working together, the two companies will be able to \"accelerate the future of autonomous driving by improving performance in the cloud --to- Automakers get car solutions at a lower cost. Both company boards have approved the deal with the goal of completing it within nine months.
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