Live Update 
From the Liveblog of
Tuesday, August 8, 2017
From the Liveblog of
Tuesday, August 8, 2017
Intel completes acquisition of Mobileye
Add ToI as a Preferred Source on GoogleUS computer chip giant Intel Corp. and Israeli automotive technology firm Mobileye N.V. say Intel has completed the acquisition of the outstanding shares of the Jerusalem-based company in a tender.
The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles, the companies say in a statement.
The combination of Intel’s computing and connectivity expertise, along with Mobileye’s computer-vision technology, will “create automated driving solutions from cloud to car,” the statement says.
Intel estimates the vehicle systems, data and services market will be worth up to $70 billion by 2030.
— Shoshanna Solomon
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