Intel announced that they are acquiring Israel-based autonomous vehicle technology maker, Mobileye, for $15.3 billion dollars.
The acquisition will couple the best-in-class technologies from both companies, including Intel’s high-performance computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to the car.
According to the Intel announcement:
“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. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. The transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device.”
The sale is another indication that autonomous vehicles, also known as “self driving cars,” will be one of the key dominant segments of technology in the near future; interest in related domain name investments is definitely strong.
Another interesting point: Intel used the domain transactionannouncement.com to send out this press release; the domain does not resolve directly, and it appears to be in the possession of Sard Verbinnen & Co, a strategic communications and services company.
