LATEST NEWS

Intel Acquisition of Mobileye

Intel and Mobileye announced on March 13 that they have entered into a definitive agreement pursuant to which Intel will acquire Mobileye. Under the terms of the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.

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.

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. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. The transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device.

 

 

Liat

Recent Posts

Molex Anticipates Steady Growth in High-Speed Connectivity in 2025, Driving Electronics Design Innovations Across Diverse Industry Sectors

• Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address…

2 days ago

Alphawave Semi Drives Innovation in Hyperscale AI Accelerators with Advanced I/O Chiplet for Rebellions Inc

Rebellions Selects Alphawave Semi's Multiprotocol Chiplet Solutions To Deliver Breakthrough Performance in Generative AI workloads…

2 days ago

Valeo & ROHM Semiconductor co-develop the next generation of power electronics

Valeo, a leading automotive technology company, and ROHM Semiconductor, a major semiconductor and electronic component…

2 days ago

New EiceDRIVER™ Power family of full-bridge transformer drivers for compact and cost-effective gate driver supplies

 Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) introduces the EiceDRIVER™ Power 2EP1xxR family of…

2 days ago

Unparalleled accuracy and longevity: Panasonic Industry presents brand new ultra-compact Air Quality Sensor

Next level monitoring precision of particulate matter, temperature, humidity, and total volatile organic compounds (TVOCs)…

2 days ago

Bitsight to Acquire Cyber Threat Intelligence Leader Cybersixgill to Help Enterprises to Preempt Cyber Attacks

Plans to Deliver Advanced Threat Intelligence within its Attack Surface and Third-Party Risk Solutions  Bitsight,…

4 days ago