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From: Paul H. Christiansen	3/13/2017 9:44:41 AM
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Intel buys self-driving tech firm MobilEye for $15.3 billion Intel's recent work with MobilEye on self-driving cars must have gone well, because the chip giant is buying its Jerusalem-based partner for $15.3 billion. The deal was first reported by Israeli business site The Marker but has now been confirmed by the two companies. MobilEye is one of the largest players in autonomous vehicle tech and was in the news recently over a spat with Tesla following a fatal Model S crash in Florida. However, it recently teamed with Intel on BMW's iNext self-driving platform, which the automaker aims to put into service by 2021. The technology they're working on isn't just for BMW vehicles, though. The idea is to build a "scalable architecture" that can be used by any automaker, especially if they don't want to build their own tech from scratch. As such, it could become a huge business for MobilEye, which may help explain the huge acquisition price. The deal is one of the largest acquisitions of an Israeli-based tech company ever. engadget.com

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