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Posted on: March 14, 2017, 12:36 p.m.
Intel Corp. announced an agreement to buy Israel-based Mobileye, a maker of automotive vision technology used for advanced driver assistance systems and fully autonomous vehicles. The deal, valued at $15.3 billion, would set up Intel as the premier provider of autonomous vehicle chip and machine-vision technology for the ADAS industry, which the company estimates will grow to $70 billion by 2030. Full investment news article