Under the terms of the agreement, which propels Intel’s mission of becoming a leader in Cloud-to-device providers, Intel will acquire Mobileye shares for $63.54 per share in cash.
Intel said in a statement that it estimates the vehicle systems, data and services market to reach $70 billion by 2030. Mobileye has previously sold its technology through retailers as well as partnered with automakers for inclusion.
- 2019 TWICE Top 100: Hottest Products - May 28, 2019
- Walmart To Offer Free Next-Day Delivery On Orders Over $35 - May 14, 2019
- Amazon Bringing Two-Day Prime Delivery Down To Just One Day - April 26, 2019