Jefferies Downgrades Intel (INTC) to Hold
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Intel to Acquire Mobileye
March 13, 2017 7:30 AM UTCCombining Technology and Talent to Accelerate the Future of Autonomous Driving
NEWS HIGHLIGHTS
Brings together Mobileyes leading computer vision expertise with Intels high-performance computing and connectivity expertise to create automated driving solutions from cloud to car. Positions Intel to accelerate innovation for automakers and to capture fast-growing market opportunity, estimated to be up to $70 billion by 2030. Acquisition expected to be accretive to Intels non-GAAP EPS and free cash flow immediately.SANTA CLARA, Calif. & JERUSALEM--(BUSINESS WIRE)--... More
