Did you think Intel’s acquisition of Mobileye in 2017 was big news? Well it was. But it didn’t spell the end of the chipmaker’s investments in Israel. Not by a longshot.
Anyone who’s ever driven through a densely packed city center knows how difficult it can be to find parking. Fortunately there’s no shortage of technological innovators working on the problem. Now one such Israeli startup has been acquired by an even bigger one from overseas.
Developing autonomous vehicles that can drive themselves in ideal circumstances is one thing. Getting them to operate safely in all conditions is quite another, but it’s what’s required before self-driving cars can become a reality. That’s why Porsche has turned to TriEye.
Intel made headlines two years ago when it acquired Mobileye for over $15 billion, turning the Jerusalem-based company into the hub of its global driver-assistance and autonomous-vehicle operations. But as substantial as that acquisition was, it wasn’t the computer-chip giant’s first foray into the Israeli tech scene, and it won’t […]