Loading ...Everybody–including the U.N. hates Israel…only if they would stop oppressing the poor palestinians…Since the founding of the state, the Israelis have been begging–IN PUBLIC FORUMS–for peace with their neighbors and only got war and terror in return.–the world has conveniently forgot that–in Orwellian fashion–they have made the Jooz the aggressors…Sadat tried peace and got gunned down by extremist vermin for his efforts–if the A-rab states had partnered with the JooZ from the git go, the whole region would be the happiest and most prosperous on earth.
Intel Corp. plans to buy Israel’s Mobileye NV for about $15 billion, its second-biggest acquisition and an expensive attempt to leapfrog rivals such as Qualcomm in technology for self-driving cars.
The U.S. chipmaker will pay $63.54 per share in cash for Jerusalem-based Mobileye, according to a statement Monday from both companies. The offer is a 34 percent premium to Mobileye’s closing price on Friday. The shares surged 30 percent to $61.31 at 10:48 a.m. in New York.
Intel is trying to accelerate a push into what many chip companies view as the next big opportunity: self-driving cars and the data they generate. With Mobileye, Intel gains the ability to offer automakers a larger package of all of the components they will need as vehicles become autonomous. The Santa Clara, California-based company estimates the market for vehicle systems, data and services will be worth as much as $70 billion by 2030.
“They’re paying a huge premium in order to catch up, to get into the front of the line, rather than attempt to build from scratch,” said Mike Ramsey, an analyst with technology researcher Gartner.