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Intel Enters Autonomous Truck Market

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Prime Mover Magazine reports Intel will acquire Mobileye, an Israel-based tech firm specializing in autonomous vehicle technology, for $15.3 billion. The tech giant’s move signals its potential foray into the self-driving truck market.

American multinational corporation and technology specialist, Intel, has announced it will spend $15.3 billion (AU$20b) to buy Mobileye, an autonomous vehicle technology firm based in Israel.

According to a report by CNBC, the deal with Mobileye places Intel square in the middle of the competition with the likes of Tesla and several other truck start-ups to develop driverless systems for global automakers.

Read the full story at Prime Mover Magazine.

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