Intel CEO Highlights Autonomous Cars Push in Visit to Israel
Intel acquired the Jerusalem-based automotive chipmaker in 2017 for $15.3 billion, taking a big step forward in the driverless car race
For daily updates, subscribe to our newsletter by clicking here.Intel acquired the Jerusalem-based automotive chipmaker Mobileye in 2017 for $15.3 billion, putting the dominant Israeli autonomous driving company at the head of its automated driving group. Mr. Krzanich was the driving force behind the deal, according to an August interview with Intel Capital’s President Wendell Brooks, the man who brokered the acquisition.
Tesla, once among the leaders of the pack, fell to last place on Navigant’s ranking. Tesla’s break up with Mobileye in 2016, following a fatal test car crash that led both companies to exchange blame, was cited by the research company as an event that led to the company’s slide.
General Motors, which has an Israeli research center employing around 300 people, was ranked first by Navigant, and Google’s Waymo is in second. A partnership between Daimler AG and auto part maker Bosch on autonomous driving systems was ranked third by Navigant. In 2017, Daimler inaugurated an innovation center in Israel.Intel and Mobileye are currently expanding Mobileye's Jerusalem campus with the intention of turning it into Intel's global autonomous vehicle center. The company employs around 1,000 people in Israel, which have joined Intel's 11,000 Israeli employees last year.