Fix Your Memory Module
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Friday, September 22, 2017
Memory Industry News
Email ArticlePrinter Format PreviousNext

Intel sucessfully acquired Mobileye, an automotive vision system company


Thursday, August 10, 2017

Computer chip maker Intel Corp (INTC.O) has further extended its offer to buy out remaining shareholders of Mobileye NV (MBLY.N) after securing 84 percent of the acquisition target's shares, the two companies said on Tuesday.

Intel and Mobileye said they had begun a follow-up offering period which is scheduled to expire at 11:59 PM New York time on Aug. 21, or 0359 GMT on Aug. 22. This could be extended by five business days or more to maximize the number of minority shareholders who accept the offer.

In an effort to persuade any investor holdouts to tender their remaining shares, Mobileye said it had submitted notice to the New York Stock Exchange of plans to delist its shares, which could occur as early as the end of the month.

Israel-based Mobileye is the world's largest supplier of systems used in automotive collision detection systems and is working with Intel, car companies and auto parts suppliers to develop autonomous driving systems.

The $15.3 billion acquisition, announced in March, aims to propel Intel, the world's largest computer chipmaker, into the top ranks of automotive suppliers.

It also promises to put Intel into direct competition with Qualcomm Inc (QCOM.O), the world's top maker of smartphone chips, which is seeking to acquire NXP Semiconductors NV (NXPI.O), a top auto chips maker.

By: DocMemory
Copyright © 2017 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Jedec's new xSPI standard allows instant on NOR applications9/21/2017
Phison predicts flash shortage to continue9/21/2017
China demonstrates trade secret enforcement9/21/2017
Eurozone to grow as much as the U.S. this year9/21/2017
Intel shows 10nm technology for up coming “Falcon Mesa”. FPGA9/20/2017
Wisconsin Governor signed bill for Foxconn to build factory9/20/2017
SMIC to foundry NOR memory wafers for GigaDevice9/20/2017
Intel works with Alphabet/Waymo on self-driving car systems9/20/2017
Late delivery can impact iPhone 8 pre-orders9/19/2017
Intel has plan to double its value by 20219/19/2017

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2017 CST, Inc. All Rights Reserved