Intel agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the US chipmaker into direct competition with rivals Nvidia and Qualcomm to develop driverless systems for global automakers.
The pricey acquisition of Mobileye could propel the world's largest computer chipmaker into the front ranks of automotive suppliers at aRead more
Automotive suppliers and automakers are expanding alliances to develop self-driving car technology that can serve multiple automakers, as the race to put such vehicles on the road separates companies that can go it alone from those that need help sharing the financial and technical burdens.
While some companies, such as Tesla Motors, General Motors and Ford Motor, are trying toRead more