Intel has announced it is to acquire autonomous driving systems provider Mobileye for $15.3 billion (£12.5bn) as it aims for market leadership in the connected car space.
The two companies have previously partnered with BMW, announcing a deal in July last year with the aim of fully automated driving in series production by 2021. Through the partnership, the trio aimed to create solutions that progressed from the third level of automation – ‘eyes off’ the road – to level five, ‘driver off’, when a human is not required inside the vehicle.
Intel believes the automotive opportunity, or the ‘vehicle systems, data and services market’ as it puts it, to be worth $70 billion by 2030. If this comes true, the $15 billion Intel is to spend here – significantly more than the $8.9bn Samsung is paying for Harman announced in November – will seem like chump change.
“The acquisition will couple the best in class technologies from both companies, including Intel’s high performance computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to the car,” a statement from Intel read.
“The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles,” the company added.
Previous moves made by Intel in the automotive space over recent months include launching a new processor, the Atom E3900 series, focusing on in-vehicle experiences, as well as putting $250 million aside for autonomous driving investments.
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.
The show is co-located with the AI & Big Data Expo, Cyber Security & Cloud Expo and Blockchain Expo so you can explore the entire ecosystem in one place.
First of all thanks to you for sharing this informative, useful and impressive article with us. Do you know that since the powerful V12 did not combine with the original gearbox, the Dutch enthusiast Johann Muter was forced to replace the transmission with a 5-speed automatic transmission from the carzaamin(.)com/blog/suzuki-alto-for-sale-in-lahore-pakistan/ Mercedes-Benz CL 600. The steering was borrowed from the E-Class, the wheel hubs and rims from the CL model. Custom pendant – BC Racing coilovers. The exhaust for the difficult model 190 was made to order. At the dynamometer stand Mercedes-Benz W201 with an engine from 600 SEL W140, demonstrated 424 hp. and 585 Nm. In a conversation with Autobild.de, the owner said that the car can accelerate to 350 km / h, and from 100 to 200 km / h in 11 seconds. The curb weight of a regular German sedan is about 1,400 kg, so it’s understandable why the car has excellent acceleration dynamics.