Intel Ceo: We Think Of Ourselves As An Israeli Company As Much As A U.S. Company

By Staff Reporter
Posted on 03/15/17 | News Source: jpost.com

Intel's $15 billion plans to acquire Jerusalem’s Mobileye not only demonstrate the company’s belief in Israeli innovation, but also position the country to become the global leader in autonomous driving, according to the chip giant’s CEO, Brian Krzanich.

“We think of ourselves as an Israeli company as much as a US company,” Krzanich said at a Jerusalem press conference on Tuesday evening at the Prime Minister’s Office.

The day before, Intel declared its intentions to acquire Israel’s autonomous driving company Mobileye for about $15 billion – the biggest deal to hit the country’s hi-tech industry. Alongside Prime Minister Benjamin Netanyahu, Economy Minister Eli Cohen and Mobileye’s leaders Ziv Aviram and Amnon Shashua, Krzanich stressed how the deal will enable Israel to accelerate and steer the international autonomous vehicle industry.

“This is one of the largest acquisitions in Israel, but it’s also the second-largest acquisition effort that Intel has done in history of the company,” he said.

The firms announced a definitive agreement on Monday for Intel to acquire Mobileye, a global leader in the development of computer vision and machine learning for advanced driver assistance systems and autonomous...read more at Jpost