- From left: Amnon Shahua, chairman and chief technology officer of Mobileye, Klaus Froehlich, member of the management board at BMW, and Brian Krzanich, chief executive officer of Intel Corp., at a press event at Consumer Electronics Show in Las Vegas, Jan. 4, 2017
The U.S. chipmaker Intel will pay $14.7 billion to acquire the driverless technology firm Mobileye in what reportedly is the largest-ever purchase of an Israeli high-tech company.
In a joint announcement Monday, the companies said the combination “is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles.”
Prime Minister Benjamin Netanyahu of Israel called Mobileye CEO Ziv Aviram to congratulate him, calling the deal in a tweet a source of “Israeli pride.”