Intel will buy the creator of the system for unmanned vehicles for $ 16 billion

Intel Corporation will buy an Israeli company Mobileye, engaged in software for unmanned vehicles. The amount of the transaction will be up to $ 16 billion. This is reported by TechCrunch with reference to sources.

Intel officially has been working with Mobileye since 2016. At the beginning of this year, the computer corporation began testing unmanned vehicles equipped with Mobileye technologies.

The Israeli Mobileye Technological Company is developing intelligent drivers (Advanced Driver Assistance Systems (Adas), which avoids accident. Since 2007, leading automakers, including BMW, Volvo and GM, began to use the company's technologies.

Mobileye was also engaged in the development of chips that were used in Tesla autopilot systems. The companies announced the termination of cooperation in July 2016.

In the same month, BMW reported her partnership with Mobileye and Intel. By 2021, companies are going to launch completely unmanned cars to the market. It is expected that the first 40 test drones will go on sale in the second half of 2017.

Mobileye announced the public placement of her shares in 2014. Now the market capitalization of the company is $ 10.6 billion.