Following its completion of the purchase of Israeli autonomous technology firm Mobileye, Intel on Wednesday announced that it will begin rolling out fully autonomous vehicles later this year for testing in Europe, Israel, and the US. This happened a day after closing the $15 billion deal to buy Mobileye, which specializes in driver-assistance systems.
According to Intel, The fleet will eventually have more than 100 vehicles. Mobileye, who is to run the unit for Intel. said:
Building cars and testing them in real-world conditions provides immediate feedback and will accelerate delivery of technologies and solutions for highly and fully autonomous vehicles, our goal is to develop autonomous vehicle technology that can be deployed anywhere.
The test fleet will include different makes and types of vehicles. Intel said the vehicles would offer “level 4” autonomy, which under industry standards represents a “high” level of autonomy just below the fully automated level 5.
In recent years, several technology firms and automakers, such as Tesla have been stepping up efforts on autonomous driving. Intel will do just fine considering the fact that it’s the world’s largest and highest valued semiconductor chip maker based on revenue and also Mobileye develops vision-based advanced driver-assistance systems (ADAS) providing warnings for collision prevention and mitigation.
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California (colloquially referred to as “Silicon Valley”) that was founded by Gordon Moore and Robert Noyce. It is the world’s largest and highest valued semiconductor chip makers based on revenue, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing.
Mobileye is an Israeli technology company that develops vision-based advanced driver-assistance systems (ADAS) providing warnings for collision prevention and mitigation. Mobileye N.V. headquarters and main R&D centre is located in Jerusalem operating under the company name Mobileye Vision Technology Ltd. The company has also sales and marketing offices in Jericho, New York; Shanghai, China; Tokyo, Japan and Düsseldorf, Germany.
In March 2017, Intel announced that they had agreed to a US$15.3 billion takeover of Mobileye. The deal is expected to be the largest exit in Israel’s high-tech industry to date.