Intel Brings In Another Self-Driving Partner
Intel (NASDAQ: INTC) has been behind the curve in the self-driving-car race as compared to rival chipmaker NVIDIA (NASDAQ: NVDA). But Chipzilla is pulling out all the stops to change the status quo by building an alliance of automakers and component suppliers.
So it doesn't come as a surprise that Intel's engineering alliance of BMW, Delphi Automotive, and Mobileye is now welcoming Fiat Chrysler Automobiles (NYSE: FCAU) in a bid to strengthen its technology development and share the high costs of developing autonomous cars. But what's more important to note is that this new entrant brings a new dimension to the alliance's ambitions. Here's how.
Image source: Intel.
Source: Fool.com
Intel Corp. Stock
€19.94
9.670%
Our community is currently high on Intel Corp. with 25 Buy predictions and 15 Sell predictions.
With a target price of 38 € there is a hugely positive potential of 90.59% for Intel Corp. compared to the current price of 19.94 €.
