Tag: Intel acquires Mobileye

It’s no secret that Israel has been driving the mobility sector forward for years – and this week, Startup Nation has zoomed past another milestone: Intel announced yesterday its $15 billion acquisition of Jerusalem-based Mobileye, a leader in the autonomous driving industry, creating waves across the global mobility scene and making it Israel’s biggest acquisition of all time. But yesterday’s announcement did confirm two things the world may not have known: Israel is actually earning the title of world leader in autonomous driving. Big money is getting behind and moving the big business of autonomous driving. This event has major implications for the entire mobility industry as Intel not only backs but leads the race. More specifically, Israel’s active role as an innovation powerhouse in the mobility space is crystal clear. Intel plans to base its entire autonomous driving operation to Israel, with Mobileye’s CTO and co-founder, Prof. Amnon Shashua, leading the division. According to the Jerusalem Post, Intel felt “…keeping the operations in Israel, at Mobileye’s Jerusalem offices, was critical to Intel when cementing the deal… the larger corporation understands Israeli culture.” Honda, Ford, and other...