Intel and mobileye close an agreement to produce autonomous cars

Last March it was announced that Intel was to acquire Mobileye's autonomous vehicle technology. Finally, after about five months from the announcement, the agreement between the two companies has become official. Intel is going to acquire 84% of the company for about 15, 000 million dollars.

Intel and Mobileye close an agreement to produce autonomous cars

With this agreement Intel enters fully into the autonomous car production industry. And the company's plans are ambitious. They seek to go beyond chips and seek to become a provider of technologies for the development of autonomous driving.

Intel enters the world of autonomous cars

Mobileye will not only provide Intel with its technology. They will also support the company in business relationships with automakers and suppliers that enable the development of autonomous driving. So it is expected that after this alliance both companies will come out reinforced.

From Intel claim to be very satisfied with this operation. They also comment that they are very happy to be able to enter this market. Since the American company sees enormous potential in the autonomous vehicle sector. In addition to being a huge growth opportunity for the company.

The deal has already been made official. At the moment we do not know when the time will be when Intel really has control over the operation of Mobileye. Although it won't take long. The company has undoubtedly made a great commitment to enter this autonomous automotive market. The question is whether or not they will succeed in this new adventure.