Mobileye’s Latest Moves Will Strengthen Intel’s Clout in Autonomous Cars
Intel's (NASDAQ: INTC) acquisition of Mobileye earlier this year has put the chipmaker firmly on track to make a big dent in the autonomous vehicle industry. In fact, Chipzilla now seems to be in pole position to win the self-driving car race after it came to light that Alphabet's Waymo is using Intel chips to power its autonomous vehicles, pushing NVIDIA down the pecking order thanks to Mobileye's terrific partner ecosystem.
More specifically, Mobileye boasts that over 25 automakers across the globe use its technology. Additionally, 27 OEM (original equipment manufacturer) partners are working with it to develop advanced driver assistance systems (ADAS) and fully autonomous vehicles. But Mobileye wants to go a few steps further and bring more companies into Intel's ecosystem, and its latest moves could help it achieve the same.
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Source: Fool.com
Intel Corp. Stock
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