March 15, 2017 Comments Off on What Does Intel’s $15.3B Car-Camera Buy Mean? Views: 726 California News, Top California

What Does Intel’s $15.3B Car-Camera Buy Mean?

Santa Clara, CA-based Intel Corp. made a $15.3-billion bet on securing a position in the burgeoning Bay Area automotive supply chain. The semiconductor giant’s acquisition of Israeli car-camera innovator Mobileye NV is also a signal that it wants to play a much bigger role in the future of autonomous driving.

Intel joined the global race to develop advanced and fully autonomous driving programs. Chips power the semi-automated driving features used in cars today, and Intel seeks to ensure the technology remains integral in future self-driving models.

Intel’s acquisition will likely accelerate the pace at which car manufacturers and their parts suppliers develop products. Intel also believes the acquisition will allow it to capture fast-growing market opportunities in this sector of the auto-supply business, estimated to reach upwards of $70 billion by 2030.

Read more at Intel

Read more at Wall Street Journal

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone


Comments are closed.