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Intel acquires self-driving tech firm MobilEye for $15.3 bn

Intel acquires self-driving tech firm MobilEye for $15.3 bn
16 Mar 2017
  • Intel announced the acquisition of Israeli company MobilEye, one of the biggest players in autonomous vehicle technology, for $15.3 billion.
  • BMW's iNext autonomous driving platform had recently teamed up with Intel and MobilEye, and going by the acquisition, it could be said that Intel's work with MobilEye has gone well.
  • The deal is one of the largest acquisitions of an Israeli tech company ever.

  • A bitter end to a fruitful partnership
    MobilEye rose to prominence because of its partnership with Tesla, given its contribution to the development of Tesla's Autopilot feature. However, after a fatal Tesla Model S crash in 2016, MobilEye split with Tesla, stating that Tesla was "pushing the envelope in terms of safety".

    The Intel-MobilEye-BMW iNext project
  • The partnership between Intel, MobilEye, and BMW iNext isn't a BMW exclusive project.
  • The project involves creating a "scalable architecture" which can be used by any automaker or developer to develop their self-driving technology from scratch, whether they need individual parts or a full-scale self-driving system.
  • This has the potential to become a massive business for MobilEye, which could explain the heavy acquisition price.

  • BMW iNext is scheduled for 2021
    The Intel-MobilEye-BMW iNext project aims to test its autonomous driving tech using modified BMW 7 series cars sometime this year. However, production cars arising from this collaboration is not expected to arrive before 2021.

    Why Intel's shift from chips to cars?
    Why cars?
  • In today's age, desktop computers are fast losing ground to mobile devices, a phenomenon that has adversely affected Intel and benefited companies like Qualcomm.
  • Consequently, Intel has been forced into other areas like wearable tech, connected homes, internet-of-things devices, none of which are hot stuff yet.
  • Autonomous cars, on the other hand, arguably has a bright future and that could explain Intel's interest.

  • This post first appeared on NewsBytes: Latest News, Breaking News India, Today News, Current News, please read the originial post: here

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    Intel acquires self-driving tech firm MobilEye for $15.3 bn


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