Intel has agreed to acquire Israeli automotive supplier Mobileye for $63.54 per share in cash or $14.7 billion, the companies announced on Monday.
Mobileye develops cameras and sensors that serve as the eyes of many self-driving car systems. Intel, which missed the transition to mobile, gains what could become a significant supplier to the emerging self-driving car business.
What’s US$15b when you could potentially be the chip and hardware manufacturer behind every autonomous car that rolls off the production line. Sounds like a smart move to me.
Reckoner had its humble beginnings way back in June of 2013.
Founded by James Croft, along with Peter Wells and Anthony Agius they created what would go on to become one of Australia’s most highly regarded and award winning independent tech blogs.
With its uniquely Australian voice Reckoner is committed to offering a “no-holds-barred” approach to its writing. Beholden to no one but its audience. Reckoner’s goal is to remain completely transparent and honour the trust it’s built with its faithful readership.