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Viewsroom: Intel’s pricey bet on driverless cars
March 16, 2017 / 8:37 PM / 9 months ago

Viewsroom: Intel’s pricey bet on driverless cars

NEW YORK (Reuters Breakingviews) - The chipmaker is shelling out $15 bln for autonomous-driving parts firm Mobileye, a cool 30 times estimated revenue. Intel missed the mobile-phone revolution. Is it finally on the right road? Plus: Washington bounces bitcoin’s bid for mainstream acceptance.

Signage is seen at the offices of Israeli driving assistant software maker Mobileye NV in Jerusalem September 14, 2016. REUTERS/Ronen Zvulun

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