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Intel's US$15b purchase of Mobileye shakes up driverless car sector

Intel will integrate its own automated driving group with Mobileye's operations under Mobileye chairman Amnon Shashua, who will lead the unit from Israel.


INTEL Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for US$15.3 billion on Monday in a deal that could thrust the US chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global carmakers.


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