Home / Business / Reuters said : Intel’s $15 billion purchase of Mobileye shakes up driverless car sector

Reuters said : Intel’s $15 billion purchase of Mobileye shakes up driverless car sector

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REUTERS/Ronen Zvulun/File PhotoThe logo Israeli driverless technology firm Mobileye is seen on the building of their offices in Jerusalem March 13, 2017.
It also promises to escalate the arms race among the world’s carmakers and suppliers to acquire autonomous vehicle technology, and could fuel already-overheated valuations of self-driving start-ups.
Investment analysts on Monday raised concerns about the potential synergies between Intel and Mobileye, as well as the acquisition’s price.
Last October, Qualcomm announced a $47 billion deal to acquire NXP, the largest automotive chip supplier, putting pressure on other chipmakers seeking to make inroads in the market, including Intel, Mobileye and Nvidia.
Shares of systems integrator Delphi Automotive PLC (DLPH.N), which has partnerships with Intel and Mobileye, rose 4.0 percent.

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Intel, betting big on driverless cars, is buying Mobileye for $15 billion

Intel, betting big on driverless cars, is buying Mobileye for $15 billion*/

General Motors and Ford have each purchased small companies developing driverless systems: Cruise Automation in GM’s case, Argo AI’s in Ford’s.
Mobileye’s vision systems dominate the market for lane-keeping and other driver-assist technologies, and are being used by most of the companies testing driverless cars.
Chipmaker Intel Corp. reached for its share Monday with the $15.3-billion purchase of Mobileye, a small Israeli company that creates vision systems for cars and trucks.
Intel and Mobileye were already partners in self-driving system development with automaker BMW.
The two will combine their expertise to develop self-driving systems for automakers.

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

REUTERS/Ronen Zvulun/File PhotoThe logo Israeli driverless technology firm Mobileye is seen on the building of their offices in Jerusalem March 13, 2017.
It also promises to escalate the arms race among the world’s carmakers and suppliers to acquire autonomous vehicle technology, and could fuel already-overheated valuations of self-driving start-ups.
Investment analysts on Monday raised concerns about the potential synergies between Intel and Mobileye, as well as the acquisition’s price.
Last October, Qualcomm announced a $47 billion deal to acquire NXP, the largest automotive chip supplier, putting pressure on other chipmakers seeking to make inroads in the market, including Intel, Mobileye and Nvidia.
Shares of systems integrator Delphi Automotive PLC (DLPH.N), which has partnerships with Intel and Mobileye, rose 4.0 percent.

collected by :John Locas

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