Showing posts with label Intel. Show all posts
Showing posts with label Intel. Show all posts

Tuesday, March 21, 2017

Intel Talks Up It's New Partnership With Israel - Israel Today

Intel Talks Up It's New Partnership With Israel

Tuesday, March 21, 2017 |  Israel Today Staff
Hi-tech behemoth Intel is really excited about its acquisition of Israel’s autonomous driving company Mobileye, and its new base of operations in the Jewish state.
At a press conference announcing the acquisition, Intel CEO Brian Krzanich said: “We think of ourselves as an Israeli company as much as a US company.”
Intel paid a whopping $15 billion for Mobileye. It’s the largest ever exit for an Israeli hi-tech company. But it’s also the second largest acquisition Intel has ever made.
The chip-maker believes so much in Israeli innovation, that it’s going to make Mobileye’s Jerusalem headquarters the new central base of operations for all of Intel’s autonomous vehicle efforts.
Mobileye “will lead Intel’s overall autonomous vehicle efforts, across the whole company, not just here in Israel,” said Krzanich. “We will be folding in operations in the US underneath the operations here.”
That’s a major vote of confidence in Israel, and a major blow to the Boycott, Divestment and Sanctions (BDS) movement.
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Tuesday, March 14, 2017

Intel Buys Israeli Start-Up MobilEye For Whopping $15.3 Billion - Israel Today


Intel Buys Israeli Start-Up MobilEye For Whopping $15.3 Billion

Tuesday, March 14, 2017 |  Israel Today Staff
The above video gives a little background on the Israeli start-up MobilEye.
The company's patented sensor technology is highly coveted amongst those in the autonomous car industry.
Intel's offer of $15.3 billion to buy MobilEye is the largest exit ever for an Israeli hi-tech company.
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