A PYMNTS Company

Israel: Intel moves into autonomous driver market

 |  March 13, 2017

Intel is buying the Israeli autonomous-driving company Mobileye for $63.54 a share in cash, or about $15.3 billion.

The Jerusalem-based company develops vision-based driver-assistance tools to provide warnings before collisions.

Intel CEO Brian Krzanich said in a statement, “Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”

Full Content: Business Insider

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.