Managing Automotive

News, knowledge, and insights for the automotive industry.

Managing Automotive

Intel, betting big on driverless cars, is buying Mobileye for $15 billion

alert

Intel, betting big on driverless cars, is buying Mobileye for $15 billion

As self-driving cars edge closer to street-legal status, technology companies don’t want to be left out.

Computer chipmaker Intel Corp. reached for its share Monday with the $15.3-billion purchase of Mobileye, a small Israeli company that creates vision systems for cars and trucks. The two will combine their expertise to develop self-driving systems for automakers, technologies that combine computer chips with sensors and software to make driverless cars possible.

[Los Angeles Times]

SUBSCRIBE

Add this blog to your RSS feed reader.

Arent Fox In Your Inbox
To subscribe to Arent Fox Alerts and other news, click here.

ABOUT ARENT FOX LLP

Arent Fox LLP, founded in 1942, is internationally recognized in core practice areas where business and government intersect. With more than 350 lawyers, the firm provides strategic legal counsel and multidisciplinary solutions to clients that range from Fortune 500 corporations to trade associations. The firm has offices in Los Angeles, New York, San Francisco, and Washington, DC.