Intel’s $15.3 Billion Swipe Right on Mobileye
Why the Deal Makes Sense
When a tech giant like Intel says it’s paying $63.54 a share for a startup that’s been making autonomous steering wheels, you know something big is brewing. Mobileye, an Israeli prodigy in “autonomous driving” tech, is now Intel’s newest “transportation buddy.”
Road‑Test Collaboration
They’re not just talking the talk—they’re driving the talk: Intel and Mobileye, together with German automaker BMW, plan to throw 40 test vans on the road this year. These aren’t just any cars; they’re the first‑class, driver‑free experience that might one day be cheaper than a daily coffee.
Market Forecasts
Intel’s crystal ball says the driverless scene could be worth a jaw‑dropping $70bn by 2030. That’s more money than some entire countries can even spend on taxes!
Competition’s Already on the Road
- Nissan’s test vehicle was rolling around earlier this month, hoping it’s ready for consumers by 2020.
- Google’s “self‑driving” dream also sits in the same playground.
- Engineering the future means whoever leads gets the best seats.
Analyst’s Take
Betsy Van Hees, a bright mind at Loop Capital, told Reuters:
“Intel has barely dipped its toes into the automotive waters before. This acquisition is like a giant splash that opens up a huge ocean of opportunities.”
Why This is a Game Changer
By joining forces, Intel isn’t just buying a company; it’s grabbing a golden ticket to a rapidly expanding auto‑tech universe—where cars can think on their own.
Keep Your Eyes Peeled
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