Why Intel and Mobileye Are Building 100 Self-Driving Cars
Intel (NASDAQ: INTC) said this week that it has completed its tender offer for shares of Mobileye (NYSE: MBLY), the Israeli maker of advanced driver-assist systems that is seen as a leader in the emerging field of self-driving cars.
Officially, Intel's purchase of Mobileye probably won't be a done deal for another few weeks. But Intel and its soon-to-be subsidiary are already getting to work.
The first order of business? A new fleet of self-driving test cars.
Source: Fool.com