Silicon Valley chipmaker Intel has completed its acquisition of Mobileye, the Israeli autonomous driving technology provider, by purchasing 84% of the outstanding shares, Intel has announced.
by Staff
August 8, 2017
Photo courtesy of Intel.
1 min to read
Photo courtesy of Intel.
Silicon Valley chipmaker Intel has completed its acquisition of Mobileye, the Israeli autonomous driving technology provider, by purchasing 84% of the outstanding shares, Intel has announced.
Intel had set Aug. 7 as the final day for Mobileye investors to take advantage of its $63.54-per-share offer through subsidiary Cyclops Holdings. However, Intel has set another offering period that will give the remaining Mobileye investors until Aug. 21 to sell their shares. They will be offered the same share price.
Ad Loading...
In March, Intel announced an agreement to acquire Jerusalem-based Mobileye, which specializes in collision detection and mapping technology. The companies will combine their efforts to create automated, cloud-based driving systems.
The market for vehicle systems, data, and services supporting autonomous driving could reach $70 billion by 2030, according to an Intel estimate. By 2020, automated vehicles should generate 4,000 GB per day.
Mobileye tweeted the news ahead of the opening of the market with "It's official - today we will join the Intel family. Looking forward to accelerating autonomous together."
Fleet drivers face constant visual, cognitive, and environmental interruptions the moment they hit the road. From roadside chaos to mental fatigue and digital overload, today’s biggest driving risks often come from outside the vehicle itself.
FLASH Weather AI has launched a first-of-its-kind hail prediction model capable of forecasting hail size and arrival time at 1-kilometer resolution up to 55 minutes ahead, giving fleets and insurers critical time to prepare for severe storms.
As litigation risk rises, vehicles are increasingly targeted. This Coca-Cola bottler shares how it’s reducing exposure through driver training, technology, and a proactive risk management approach.
From identity management to third-party certifications, the right technology partner should make security easier to manage. Here are the three building blocks that fleet managers need to stay in control as connected systems scale.
Distracted driving remains one of the most persistent risks in fleet operations. New approaches focus on removing mobile device use entirely while adding real-time safety support.
As distraction risks evolve, fleets are turning to smarter, more connected technologies to better understand what’s happening behind the wheel. Part 2 explores how these tools are helping identify risky behaviors and improve visibility across operations.
Distracted driving is often measured by what we can see—phones in hand, eyes off the road. But what about the distractions we can’t? A recent incident raises a bigger question about awareness, attention, and why subtle risks so often go unnoticed.
