This acquisition will combine the best-in-class technologies from both companies, spanning connectivity, computer vision, data center, sensor fusion, high-performance computing, localization and mapping, machine learning and artificial intelligence.

Together with partners and customers, Intel and Mobileye expect to deliver driving solutions that will transform the automotive industry. The combined global autonomous driving organization, which will consist of Mobileye and Intel's Automated Driving Group, will be headquartered in Israel and led by Prof. Amnon Shashua, Mobileye 's Co-Founder, Chairman and CTO.

The organization will support both companies' existing production programs and build upon relationships with automotive OEMs, Tier-1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs.

Intel Senior Vice President Doug Davis will oversee the combined organization's engagement across Intel's business groups and will report to Prof. Amnon Shashua after the transaction's closing.

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