Announced on Monday 7 March 2017, was the acquisition of Israeli company Mobileye by the computing giant Intel. The deal is said to be worth $15.6 billion.
Intel is now set to become threatening competition within the booming autonomous driving market.
Self-Driving Cars the Next Big Thing
Intel had already missed the boat with smartphone technology. However, the next up and coming technology to change the world will be autonomous automobiles.
Mobileye gained a 6th place ranking last year in MIT Technology Review’s list of the 50 “smartest companies” in the world. The hi-tech company is fast proving itself a world leader in the autonomous driving technology market.
The company sees itself as superior in safety to its major competitor Tesla Motors. Mobileye broke ties with Tesla over anxiety it felt about Tesla cutting security corners. These sloppy safety oversights resulted in a fatal road accident that involved one of their self-driving vehicles.
Hi-Tech Pioneers Intel
Intel was one of the hi-tech pioneers of our modern era. The founders famous for their patented semiconductor innovations. Innovations that created a new world capable of personal computer ownership, that is now intrinsically woven into cyberspace.
Whilst Intel’s competitor ARM Holdings swept in to hold sway over the smartphone market, Intel now has put a heavy foot back into the hi-tech market via the purchase of Mobileye.
The autonomous driving industry is still in its infancy, and the competition between companies is hotting up. The race is to make mass produced self-driving cars available to all consumers on every income level.
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