On the evening of August 8, Beijing time, Intel officially confirmed the completion of its acquisition of Mobileye, an Israeli autonomous driving technology company. This major move has sparked a lot of interest among car electronics professionals and industry observers. Let’s take a closer look at what this deal means for the future of autonomous vehicles.
In March, Intel announced that it would acquire all of Mobileye’s outstanding shares in cash at $63.54 per share, making the total transaction value approximately $15.3 billion. This acquisition marks a significant step forward in Intel’s strategy to become a key player in the rapidly growing autonomous vehicle market.
Mobileye is a leading provider of Advanced Driver Assistance Systems (ADAS), known for its cutting-edge computer vision algorithms and hardware solutions that help detect and prevent potential collisions using in-car cameras. The company has been actively developing fully autonomous driving technologies, aiming to push the boundaries of self-driving capabilities.
According to Intel, the integration of Mobileye into its Automated Driving Group (ADG) will create a new division focused on advancing autonomous driving technologies. This new unit will be based in Israel and led by Amnon Shashua, co-founder, chairman, and CTO of Mobileye. Meanwhile, Ziv Aviram, another co-founder and CEO of Mobileye, has decided to step down and retire from the company.
Intel predicts that by 2020, autonomous vehicles will generate up to 4,000 GB of data per day, highlighting the massive computing power required for real-time decision-making. By 2030, the global market for automotive systems, data, and services is expected to reach $70 billion, offering enormous growth opportunities for tech companies like Intel.
This acquisition not only strengthens Intel’s position in the automotive sector but also accelerates innovation in smart mobility. As the industry moves toward full autonomy, collaborations between tech giants and specialized startups are becoming more crucial than ever.
Stay tuned for more updates on this exciting development in the world of automotive technology. We’ll keep you informed with the latest news, insights, and analysis.
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