Intel partners with automakers
Intel (INTC) has partnered with BMW, Nissan, Volkswagen, and Ferrari to provide autonomous vehicle technology to help them bring self-driving vehicles (Level 3 to Level 5) to market.
Autonomous technology at Intel
Intel noted during the CES 2018 event that its unit Mobileye would provide Mobileye Road Experience Management (or REM) technology to ~2 million vehicles from BMW, Nissan, and Volkswagen to use crowdsourced data for building maps to enable autonomous driving.
Intel, which is the world’s largest chipmaker, also announced two critical deals in China with leading automotive manufacturer SAIC Motor and digital mapping company NavInfo. According to the agreement, SAIC plans to use Mobileye technology to develop Level 3 to Level 5 cars in China.
Intel’s CEO, Brian Krzanich, announced that it would team up with Ferrari North America to provide artificial intelligence (or AI) for the Ferrari Challenge North America Series. The event will be held on six courses in the US in 2018.
Acquisitions in the industry
Intel’s Mobileye acquisition in August 2017 shows the company’s efforts to catch up in the autonomous car technology space, which is dominated by Qualcomm (QCOM) and Nvidia (NVDA). Intel has partnered with Waymo, Alphabet’s (GOOGL) self-driving car company, to expand in the growing autonomous car market.
Qualcomm’s acquisition bid to acquire NXP Semiconductors showed its interest to become a leader in the automotive semiconductor industry. According to recent reports, it’s possible that NXP could reject the offer, as the company considers Qualcomm’s bid as less than attractive and undervalues the company. However, Broadcom (AVGO) submitted an acquisition bid for Qualcomm in November 2017.