GPEC Weighs In On Intel's Acquisition Of Mobileye

Published: Tuesday, March 14, 2017 - 3:03pm
Updated: Tuesday, March 14, 2017 - 3:13pm

Intel said it’s buying Mobileye, the Israeli firm develops technology used in autonomous vehicles.

In a release announcing the deal, Intel said the agreement is expected to “accelerate innovation for the automotive industry” and “position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles.”

Intel has a significant presence in the Valley. To talk about how this deal could impact the region is Chris Camacho, president and CEO of the Greater Phoenix Economic Council.

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