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Intel Completes Tender Offer for Mobileye 2017.08.09

Santa Clara, Calif., USA and Jerusalem, Israel - August 8, 2017 - Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced the completion of Intel's tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to USD70 billion by 2030.

Brian Krzanich, Intel CEO: The Future of Autonomous Driving Starts Today.
Photo courtesy of Intel
 

Santa Clara, Calif., USA and Jerusalem, Israel - August 8, 2017

• Acquisition Expected to Accelerate the Future of Autonomous Driving

Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced the completion of Intel’s tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving.

Photo courtesy of Intel
 
The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles.

Photo courtesy of Intel
 
The combination of Intel and Mobileye will allow Mobileye’s leading computer vision expertise (the “eyes”) to complement Intel’s high-performance computing and connectivity expertise (the “brains”) to create automated driving solutions from cloud to car.

Photo courtesy of Intel
 
Intel estimates the vehicle systems, data and services market opportunity to be up to USD70 billion by 2030.


Intel CEO Brian Krzanich (from left), Chairman of the Board of Management of BMW AG Harald Krüger and Mobileye Co-Founder, Chairman and CTO Professor Amnon Shashua speak at a news conference in Munich, Germany, on Friday, July 1, 2016.
They are announcing a partnership among BMW Group, Intel and Mobileye to work together with the goal of bringing highly and fully automated driving into production by 2021.
Photo courtesy of Intel / BMW Group
 
“With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future,” said Intel CEO Brian Krzanich.
“It’s an exciting engineering challenge and a huge growth opportunity for Intel. Even more exciting is the potential for autonomous cars to transform industries, improve society and save millions of lives.”

Intel CEO Brian Krzanich (from left), Chairman of the Board of Management of BMW AG Harald Krüger and Mobileye Co-Founder, Chairman and CTO Professor Amnon Shashua speak at a news conference in Munich, Germany, on Friday, July 1, 2016.
They are announcing a partnership among BMW Group, Intel and Mobileye to work together with the goal of bringing highly and fully automated driving into production by 2021.
Photo courtesy of Intel / BMW Group
 
Intel’s Automated Driving Group (ADG) will combine its operations with Mobileye, an Intel Company.

The combined Mobileye organization will lead Intel’s autonomous driving efforts, and will have the full support of Intel resources and technology to define and deliver cloud-to-car solutions for the automotive market segment.

Executives from BMW Group, Intel and Mobileye stand next to a BMW concept car after an announcement that the three companies would be working on an autonomous driving system.
From left: Klaus Fröhlich of BMW; Ziv Aviram of Mobileye; Amnon Shashua of Mobileye; Harald Krüger of BMW; Brian Krzanich of Intel; and Doug Davis of Intel.
At a news conference in Munich, Germany, on Friday, July 1, 2016, the three companies announced a partnership to work together with the goal of bringing highly and fully automated driving into production by 2021
.
Photo courtesy of Intel / BMW Group
 
Mobileye will remain headquartered in Israel and led by Prof. Amnon Shashua who will serve as Intel senior vice president and Mobileye CEO and chief technology officer.

In addition, Ziv Aviram, Mobileye co-founder, president and CEO, is retiring from the company, effective immediately.

Intel CEO Brian Krzanich (left) and Mobileye co-founder Prof. Amnon Shashua speak at the BMW Group news conference.
The BMW Group, Intel, and Mobileye on Wednesday, Jan. 4, 2017, announced that a fleet of about 40 autonomous test vehicles will be tested on the roads by the second half of 2017.
The event was a lead-in to the 2017 International Consumer Electronics Show in Las Vegas
.
Photo courtesy of Intel / Walden Kirsch
 
“Leading in autonomous driving technology requires a combination of innovative proprietary software products and versatile open-system hardware platforms that enable customers and partners to customize solutions,” said Prof. Amnon Shashua.
“For the first time, the auto industry has a single partner with deep expertise and a cultural legacy in both areas. Mobileye is very excited to begin this new chapter.”

Photo courtesy of Intel
 
Mobileye will support and build on both companies’ existing technology and customer relationships with automakers, tier 1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs.


About Intel

Intel expands the boundaries of technology to make the most amazing experiences possible.

 
 
Information about Intel can be found at newsroom.Intel.com and Intel.com.


About Mobileye

Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving.

Mobileye’s technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving.

 
 
Mobileye’s proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles.

Mobileye’s products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving. Mobileye’s products are or will be integrated into car models from more than 25 global automakers.

Mobileye’s products are also available in the aftermarket.


Source: Intel Newsroom

https://newsroom.intel.com/  



ASTROMAN Magazine - 2017.04.10

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Qualcomm to Acquire NXP for USD 47 Billion

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Tech Leaders Unite to Enable New Cloud Datacenter Server Designs for Big Data, Machine Learning, Analytics, and other Emerging Workloads, called OpenCAPI

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IFA 2016: IBM Watson Powers Wave of Innovation in Consumer Electronics

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ASTROMAN Magazine - 2016.08.27

Piton: A 25-core New Academic Manycore Research Processor, Demonstrates Efficiency and Scalable Design at Hot Chips by Princeton University Researchers

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ASTROMAN Magazine - 2016.08.12

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NVIDIA: What's the Difference Between Artificial Intelligence, Machine Learning, and Deep Learning?

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Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, Ph.D.


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