Intel buys MobileEye for 15.3Billion

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>Intel Corp (INTC.O) agreed to buy Israeli self-driving technology firm Mobileye (MBLY.N) for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp (NVDA.O) and Qualcomm Inc (QCOM.O) to develop driverless systems and components for global automakers.

>The acquisition of Mobileye could propel the world's largest computer chipmaker into the front ranks of automotive suppliers at a time when Intel has been downplaying its core semiconductor business. It also promises to escalate the arms race among the world's carmakers and suppliers to acquire autonomous vehicle technology, and could fuel already-overheated valuations of self-driving startups.


http://www.reuters.com/article/us-intel-mobileye-idUSKBN16K0ZP