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Components & Peripherals News

Mobileye Blockbuster: 7 Ways Intel Aims To Beat Qualcomm In The Connected Car Market

Lindsey O'Donnell

$15.3 Billion Mobileye Acquisition

Intel on Monday announced it would acquire Mobileye in a $15.3 billion acquisition, deepening the chip manufacturer's efforts around connected cars.

Israel-based Mobileye comes with a portfolio loaded with tools for advanced driver assistance systems, from surround vision, sensor fusion, mapping, and driving policy products for car OEMs like Honda, BMW, and Volvo.

The company's EyeQ chips, which pack cars with the intelligence to identify and read traffic signs and detect roadway markings like lanes and debris, were installed in as many as 16 million vehicles in 2016.

For Intel, Mobileye's solutions will translate to an accelerated pace of autonomous innovation and market adoption, industry-leading artificial intelligence for complex decision making, and incremental recurring revenue stream opportunities.

 
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