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Intel Buys Automotive Vision Company For $15.3B

by cio.com posted 1year ago 355 views
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.