With Mobileye deal, Intel enters the driverless car race

US chipmaker says it can reshape competitive landscape with the US$15.3b purchase of Israeli tech firm

Published Wed, Aug 9, 2017 · 09:50 PM

    New York

    ABOUT three years ago, American chip giant Intel seemed like a bystander in Silicon Valley's race to develop self-driving cars.

    Google was zooming ahead, producing and testing autonomous cars of its own design and racking up millions of miles in test drives. Uber, the ride-hailing service, was close behind. Tesla introduced its Autopilot feature to its electric cars, using technology from the Israeli firm Mobileye.