Autonomous driving is the order of the day, and even classic automotive firms are launching to experiment with autonomous driving technology in order to satisfy users. Tesla Motors has been able to give a significant boost to a market that seemed abandoned, in fact vehicle manufacturers showed little or no interest in it. The last to join is Intel, it is not exactly a company that knows the world of cars, but in the world of technologyAnd it's time to diversify when fewer PC processors are sold than ever.
Enter through the big door in autonomous driving, investing no less than 15.300 billion dollars in the acquisition of Mobileye. We have already been able to speak on occasion about this Israeli firm specializing in intelligent driving. This is how he has spoken about it Brian Krzanich, CEO of Intel:
This acquisition represents a great step forward for our shareholders, the automotive industry and consumers.
In this way, Intel intends to reduce the costs of implementing this technology in the vehicles of the future. The Californian company se has noticed a good market and wants to get a slice, thinking of being able to include its technology in as many cars as possible, and thus charge a little for each model sold, something like what it has achieved with the vast majority of PC manufacturers both desktop and laptop.
Meanwhile Intel is down 1,90% in the stock market, 2,87% so far this year, while Mobileye has grown no less than 30% in share price, something like 60% so far this year. Without a doubt there is a clear winner, 15.400 billion dollars is no small feat in this type of transaction. Intel is still looking for the goose that lays the golden eggs while processor production declines.