Why Intel Will Pay $16B for Automotive Computer-Vision Leader

Clifton DawsonAnalysis, Augmented Reality

This week, Intel announced a plan to acquire Mobileye for $15.3 billion as a strategic move to fortify its burgeoning automative chips division. Since early 2000, Israel-based Mobileye has supplied car manufacturers with computer-vision technology for advanced driver assistance systems. Using a low-cost, yet powerful chip-based system combining a monovision camera, image recognition software, and machine-learning algorithms, Mobileye accurately and rapidly distinguishes between … Read More