Exclusive Intels Mobileye Gets Self-driving Tech Deal For 8 Million Cars

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JERUSALEM – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.

Financial terms of the deal and the identity of the automaker were not disclosed.

The deal, one of the largest yet for Mobileye, is a sign of how carmakers and suppliers are accelerating the introduction of features that automate certain driving tasks – such as highway driving and emergency braking – to generate revenue while technology to enable fully automated driving in all conditions is still years away from mass-market deployment.




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