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

Thursday, July 19, 2018
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
Nanya see continue growth on DRAM7/19/2018
Commercial aircraft market hesitates on upcoming tarrif 7/19/2018
TI fires two month CEO for personal misconduct7/19/2018
Google fined $5 billion for forcing phone manufacturers to install Android7/19/2018
Samsung has developed a new mobile DRAM solution optimized for 5G network and AI7/18/2018
TSMC expects revenue growth through Q47/18/2018
Micron/Intel joint development announced update on 3D Xpoint memories7/18/2018
F35 tactical fighter at bargan prices7/18/2018
What's next now that the ZTE ban is lifted7/17/2018
Apple contributes to renewable energy fund in China7/17/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved