Intel to Buy Mobileye, Maker of Sensors for Self-Driving Cars, for $15.3 Billion []

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March 13, 2017

By MARK SCOTT for the New York Times

"Intel agreed on Monday to pay $15.3 billion for Mobileye, an Israeli technology company that specializes in making sensors and cameras for autonomous cars, as the global microchip giant tries to expand its reach in the fast-growing sector.

The deal follows a growing partnership between Intel and Mobileye. In January, the companies announced plans to have up to 40 autonomous cars on American and European roads by the end of this year as part of trials with BMW, the German automaker..."

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