Earlier this year, Intel announced a deal to acquire Mobileye, an Israel-based company developing autonomous driving technologies, for a staggering $15 billion.
Intel now confirms the closing of the deal and as part of the integration of the company, they announced a new fleet of 100 autonomous test vehicles.
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In the race to develop self-driving cars, companies are racing to make partnerships and acquisitions in order to increase their chances.
BMW, which had already partnered with Intel and Mobileye (before Intel actually acquired Mobileye), is now partnering with Delphi, another major player in the self-driving field.
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Intel just paid a staggering $15.3 billion to acquire Mobileye, which was publicly trading at $10.5 billion before the deal was announced this morning. The Israeli company, which was best known by the public as one of the main supplier for Tesla’s first generation Autopilot program, will solidify Intel’s effort in the field of autonomous driving.
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Just a few weeks after we learned that BMW is putting its electric vehicle programs on the “back burner” in order to focus its ‘i’ brand, under which the German automaker has been releasing its electric vehicles, on self-driving cars instead. We now learn that the automaker is reportedly about to announce an important partnership with Intel and Mobileye to develop its self-driving cars.
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