Intel to buy Israeli firm Mobileye

Q.  US Chipmaker Intel is to buy which Israeli firm?
- Published on 14 Mar 17

a. Mobileye
b. Mobilquick
c. Mobilex
d. None of the above

ANSWER: Mobileye
 
Intel to buy Israeli firm Mobileye US chipmaker Intel is set to purchase Israeli technology firm Mobileye for USD 14 to 15 billion.

The companies are set to announce the acquisition, which is the largest ever for an Israeli hi-tech company.

Mobileye is a top supplier of collision avoidance car sensor systems.

Mobileye and Intel were already collaborating for a project with BMW, which announced a partnership with the two in July 2016 to develop completely autonomous vehicles to the market by 2021.

About Mobileye
  • Founded with a mission to reduce vehicle injuries and fatalities.
  • Mobileye listed in 2014 on the New York Stock Exchange.
  • Its market cap is $10.6 billion.
  • Goldman Sachs invested $130 million in the company in 2007.
  • CEO: Ziv Aviram (since 2010)
  • Founded: 1999
  • Headquarters: Jerusalem, Israel
  • Founders: Amnon Shashua, Ziv Aviram
  • Subsidiaries: Mobileye Technologies Limited, MobilEye Vision Technologies Ltd., Mobileye Inc.

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