Intel has agreed to purchase Mobileye, a maker of cameras and laser-based sensors used for self-driving car technology, in deal worth $15 billion. Mobileye originally partnered with Tesla to develop the first Autopilot system on the Model S.
Mobileye currently sells its technology to 27 automakers in total. Tesla dumped Mobileye with the introduction of the second generation Autopilot last year, in favor of an in-house effort called Tesla Vision.
Intel said that combining Mobileye’s computer vision expertise with the chipmaker’s high performance computing and connectivity expertise will accelerate innovation for automakers and help the company capture a fast-growing market opportunity, estimated to be up to $70 billion by 2030.
Intel’s statement on the acquisition is available here.