15 March, 2017

Intel's $15 billion purchase of Mobileye shakes up driverless car sector

If some of you saw the movie Logan and remember the scene when horse van veers down a highway and horses going Helter skelter on the road and just getting past a mercilessly speeding truck. Well the Truck was not merciless. It was just driverless and was maybe not able to sense the horses on the road. Mobileye helps in just that. It's advanced sensors help detect obstacles on the road and this is an important acquisition for Intel in its journey to make driverless cars. Let's pray for a safe driverless world as the next decade unfolds.
 
Intel buying mobileye for $15 billion in biggest israeli hi-tech deal ever

Intel Chief Executive Brian Krzanich said the acquisition, which unites Intel's processors with Mobileye's computer vision, was akin to merging the "eyes of the autonomous car with the intelligent brain that actually drives the car."
 
Mobileye accounts for 70 percent of the global market for driver-assistance and anti-collision systems. It employs 660 people and had adjusted net income of $173.3 million last year.
 

Last October, Qualcomm announced a $47 billion deal to acquire the Netherlands' 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.
The Qualcomm-NXP deal, which will create the industry's largest portfolio of sensors, networking and other elements vital to autonomous driving, is expected to close later in 2017, subject to regulatory and shareholder approvals.

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