Intel's Mobileye gets self-driving tech deal for 8M cars
Intel's Mobileye gets self-driving tech deal for 8M cars. Mobileye, Intel’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.
Financial terms of the deal and the identity of the automaker were not disclosed. The deal for the advanced driver assisted systems will begin in 2021, when Intel’s EyeQ5 chip, which is designed for fully autonomous driving, is launched as an upgrade to the EyeQ4 that will be rolled out in the coming weeks. Read more here.
The future system will be available on a variety of the automaker’s car models that will have partial automation - where the car is automatically driven but the driver must stay alert - as well as models integrating a more advanced system of conditional automation.
Mobileye, bought by Intel last year for $15.3 billion, says there are some 27 million cars on the road from 25 automakers that use some sort of driver assistance system and Mobileye has a market share of more than 70 percent.
“By the end of 2019, we expect over 100,000 Level 3 cars with Mobileye installed,” said Amnon Shashua, Mobileye’s chief executive.
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