Proposed Acquisition Will Affect the Industry
By Eric G Braun, Senior Writer, USRW
Those Road Warriors who like the old way of doing things and don’t embrace new technology should take a deep breath as the industry prepares for even more “upgrades”. One of those upgrades could be the result of a deal in discussion between Intel & Mobileye.
Intel and Mobileye announced on March 13, 2017 that they have entered a definitive agreement pursuant to which Intel will acquire Mobileye. Under the terms of the agreement, a subsidiary of Intel will commence a tender offer to acquire all the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion, and an enterprise value of $14.7 billion.
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.
Yes, they stated car, for now. We all know that’s the starting point before the new gadgets reach our industry. Plus, since we deal with the car traffic every day, it’s still very much influences the Professional Driver.
Let’s remember, the Professional Driver criteria is not measured on how many axels we have.
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
Intel’s CEO, Brian Krzanich addressed his employees on the proposed acquisition. “Autonomous driving is estimated to be a $70 billion vehicle systems and data services TAM opportunity by 2030. The combination of Intel’s high performance computing and connectivity solutions with Mobileye’s best in class computer vision technology will put us able to accelerate innovation for car-makers and lead in delivering the technology foundation for highly and fully autonomous driving. Our complementary assets accelerate the “rack scale” end-to-end autonomous solutions that customers demand. I truly believe we are better together.”
“The acquisition of Mobileye brings together the assets of Intel’s Xeon processors, FPGAs, 3D XPoint memory, and 5G modems with the world leader in automotive computer vision. This acquisition essentially merges the intelligent eyes of the autonomous car with the intelligent brain that drives the car.”
“Many of you have asked why we think autonomous cars and vehicles are so important to Intel’s future. The answer is DATA. Our strategy is to make Intel the driving force of the data revolution across every technology and every industry. We are a DATA company. The businesses we focus on, and deliver solutions to, create, use, and analyze massive amounts of data.”
And you thought you were a genius when you hardwired that Keurig to your cab.
**Check out these great job opportunities at http://www.driverjobcenter.com/cr-england or apply directly at http://drivecrengland.com/application/?id=Warrior3pr&rs=6982