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Intel Corp. announced an agreement to buy Israel-based Mobileye N.V., a maker of automotive vision technology used for advanced driver assistance systems (ADAS) and fully autonomous vehicles.
The deal, valued at $15.3 billion, would set up Intel as the premier provider of autonomous vehicle chip and machine-vision technology for the ADAS industry, which the company estimates will grow to $70 billion by 2030.
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A MobileEye EyeQ2 chip used in a Hyundai Lane Guidance camera module.
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