Skip to main content

Intel invests $15 billion on Mobileye to manufacture driverless car sector

Intel Corp (INTC.O) decided to buy Israeli autonomous vehicle technology firm Mobileye (MBLY.N) at a cost of $15.3 billion on Monday in a deal. It might push the U.S chipmaker into the direct competition against Nvidia Corp (NVDA.O) and Qualcomm Inc (QCOM.O) for developing driverless systems for automakers worldwide.

Mobileye can thrust the world's largest computer chipmaker into the top spot of automotive suppliers when Intel has been moving for the market beyond from its core computer to semiconductor business.

It guarantees to heighten the arms race among the world's carmakers and suppliers to obtain self-sufficient vehicle technology, and it could fuel already-overheated valuations of self-driving start-ups.

The stakes are higher. In the previous year, Goldman Sachs assumed that autonomous vehicles market would expand from about $3 million to $96 million in 2025 and $290 million in 2035.

However, people have doubted whether auto companies and suppliers would be able to make self-driving cars in the next four years, as they promised. Investment analysts shared their concerns about the potential synergies between Intel and Mobileye along with the cost of acquisition.

Intel has not been a potent candidate in this market up until now, but they have invested in minimum half a dozen start-up companies for developing separate parts of self-driving cars systems, from robotics and sensors.

Mobileye comes with an immense portfolio which contains cameras, sensor chips, in-car networking, roadway mapping, machine learning, cloud software and data fusion and management.

Intel is paying 60 times, and it's about the four times to the premium that Qualcomm is paying to acquire the Netherlands' NXP. Mobileye's shares grow 28.2 percent to go nearby $60.62, while Intel's shares dropped to 2.1 percent.

The self-driving market is getting more and more crowded, alongside mapping company. On the other hand, technology companies are shifting from Alphabet Inc's Waymo (GOOGL.O) to Chinese Internet giant Baidu Inc (BIDU.O). Delphi Automotive PLC, which acquired partnerships with Intel and Mobileye, increased 4 percent.


Intel had a mixed performance on technology outside of computer chips on the market. The company took a decsion about its cyber security division, known as McAfee at a cost of $4.2 billion along with debt after five years while it purchased for $7.7 billion.

Intel will provide Mobileye unusual autonomy with its own automated driving group and Mobileye's operations under Mobileye Chairman Amnon Shashua, who will manage the unit from Israel.

Intel Chief Executive Brian Krzanich said the acquisition was akin to merging the "eyes of the autonomous car with the intelligent brain that actually drives the car."

Mobileye delivers inbuilt cameras, chips and software for driver-assist systems. These are building blocks for self-driving cars for more than two dozen vehicle manufacturers.

It was an initial supplier of Vision System to Tesla, but the two companies had a situation, which resulted to dispute in the last summer after a driver of Tesla Model S died while managing the vehicle via Tesla's Autopilot system.

Mobileye discovered in 1999 that It hires 660 people and total adjusted net income $173.3 million last year.

Shashua and two other senior Mobileye executives acquire close to seven percent of the company. Shmuel Harlap, Israel's biggest car importer and one of Mobileye's earliest investors, also acquires a seven percent.


Mobileye and Intel are doing a collaboration with German automaker BMW on a project to put a line of 40 self-driving test vehicles on the road till the second half of this year.

Mobileye has joined with Intel for its fifth-generation chips to use in fully autonomous vehicles which are going to hit the market in 2021 most likely.

Also, they made a partnership with Delphi on a self-driving platform which shipped smaller car companies to provide resources for developing their own systems.

In the last October, Qualcomm declared a $47 billion deal to obtain NXP, which is the largest automotive chip supplier to put pressure on other chipmakers in the market that includes Intel, Mobileye and Nvidia. The deal will result to make the industry’s largest sensors portfolio, networking and other crucial components for autonomous driving.


Popular posts from this blog

Google Maps makes Traveling Easier

With the growth of technology, there has been an implausible development in the Google maps. It has become the hope for the people who love to travel many places. It makes people get through the details of many known and unknown places before visiting there. So on the whole Google Maps is one of the great applications created by Google.

While people are willing to visit new places at that time people can make their proper planning. In that context, Google made available the whole process by which the directions for travel can get quicker to the users.

For that reason, this availability of navigation introduced by Google created an ease by which the users can visit their favourite places. With the selection of favourite places, users can also have the facility to go there as per their feasibility. This clear organisation for future reference is also available in the Google Maps which adds to make the app user-friendly for the users.

For example, if any person wants a break from his…

Top 5 Best Smart Watches

Did you ever think that your wrist watch can do many other things either than showing time or date? Yes, you can do many other things with the help of your watch if it is smart. Wearing normal traditional watches has gone old fashioned now because the entrance of smart watches has changed the whole scenario. It is the latest technology which came into existence by integration of both wristwatch and smartphone.

It is an innovative technology that lets you operate the standard functions of the smartphone with the help of a simple wearable watch. The functionalities and capabilities of the smart watch are almost same to the smart phone. The sensors smart watch such as accelerometer, gyroscope and compass etc integrates with your smart phone and enable you to perform various operations such as:-

• Running or closing mobile apps
• Connecting to the internet
• Sending text or video messages
• Picking up or disconnecting call
• Providing weather updates
• Fitness monitorin…

Comcast’s Starts Beta Testing for Roku

It is the X1 platform that covers all the live broadcast channels, cloud recordings, and video-on-demand services, but without X1 box. It has been almost a year now since the Comcast last announced its work on the “Xfinity TV partner app” for Samsung and Roku, and the Roku version is now ready for the actual beta testing. The Xfinity TV beta app is available now in the channel store, with access to “live and on-demand programming services, including local broadcast as well as Public Educational and Governmental channels, along with their cloud DVR recordings.”

According to Comcast, this beta test is done so that it can check out the performance and added features before the official launch actually happens later this year. The customers should also expect their full in-home cable experience that will be just delivered over Comcast’s “locally managed network” as the IPTV instead of the traditional QAM broadcasting. The locally managed network also means that whatever you are watching…

Apple is No Longer the Most Valuable Brand in the World As Google Grabbed the Top Position

Topsy turvy goes the road for Apple as it steps down from its lead position in the global market. Google leaps up to be the leading brand in the world. Apple lacks innovation in its pipeline. Slipping down to the 2nd global position in the list of most valuable global brands it has brought the brand value of Apple Inc. way down.

Google, the leader in the market GOOGL,-0.60%, has shown considerable growth of 24%. The growth in its brand value ranged from $88.2 billion in 2016 to $109.5 billion in 2017. It was last in 2011 when Google was in the 1st position, stated by a strategy and valuation consultancy, ‘Brand Finance’. Its own search operating business is the focal point of advertising income. It has got no competition when it comes to search over the internet.

2017 VS Apple! 2017 has not begun with a bright sun for Apple. With a brand worth $107.1 billion in 2017, Apple AAPL, +6.10% manage to be in the 2nd spot. Although the market is growing, the company's share is getting re…

Google Home just Went a Little Bonkers with the Google Home Commercial

Google’s advertisement for its Home device was one of the most talked about event of last night. Google’s viewers having their own Google home were left totally irritated and annoyed by the advertisement, because there was a hitch and the advert had made Google home go ‘Haywire’. Users were annoyed by the ad, as their home system thought that the TV was trying to communicate with them.

Super Bowl Commercial brings in the ‘problem’
Google home stays dormant until someone says ‘Ok Google’ or ‘Hey Google’, but last night, during the Super bowl commercial, the home systems heard instead TV broadcast say those things or the phrases for Google home to snap up from the dormant phase, this caused them to turn on their TVs. Google which planned to use the commercial of Super Bowl for Google home connectivity service but this commercial end up in confusion for those who already have it.

Users took to twitter to complain
Users who faced this problem last night took to twitter and spread words of…