Intel Buys Mobileye Tech Firm For $15.3

 

US microchip maker Intel is about to be the new company behind the wheel at the driverless technology firm Mobileye.

Intel has agreed to buy the Israeli tech firm for $15.3 (14.3 billion euros) which could give it a dominant role in the autonomous-driving sector.

It is the biggest technology takeover in Israel's history and the largest purchase of a company solely focused on self-driving. The price represents a premium of around 33 percent to the Friday closing price of Mobileye's shares.

You May Also Like