Intel Bets $15.3B on Mobileye's Self-Driving Car Tech

Intel has agreed to acquire Mobileye, a developer of autonomous vehicle technology, for $15.3 billion in cash. Intel will integrate Mobileye’s computer vision and mapping technology for autonomous and semi-autonomous vehicles into its Automated Driving Group, to be led by MobileEye CTO Amnon Shashua. Intel SVP Doug Davis will oversee engagement across various Intel groups, and report directly to Shashua. The combined company will be the leading technology provider in the autonomous vehicle industry, said Intel CEO Brian Krzanich.

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