Intel makes $15.3bn bet on driverless cars

US chipmaker buys Israeli tech specialist Mobileye in move into autonomous market

Intel HQ in California
Intel headquarters in Santa Clara, California
(Image credit: Justin Sullivan / Getty)

Intel has taken a huge gamble on driverless cars with a takeover of technology specialist Mobileye.

The US chipmaker will pay $15.3bn (£12.5bn) for the Israeli company, which develops autonomous driving systems, as it looks to move into a market it believes could be worth as much as $70bn by 2030.

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