An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye NV, a maker of sensors and cameras for self-driving vehicles, ahead of its $15.3 billion takeover by Intel Corp. According to an agreement filed by the U.S. Securities and Exchange Commission on Monday…
Israel sought to prevent the shekel rising further on Tuesday by agreeing to allow Intel Corp to pay the tax due on its planned purchase of Israeli autonomous vehicle technology firm Mobileye in dollars. Intel agreed to buy Mobileye for $15.3 billion in March in a deal which, if completed, is expected to result in…
Chipmaker Intel agreed to buy Israeli driverless car-technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the fast-moving autonomous-driving sector. The $63.54-per-share cash deal marks the largest purchase of a company solely focused on the self-driving sector and could significantly alter the competitive landscape among key technology and systems…
Intel is buying Israeli driverless car firm Mobileye for a whopping $15.3 billion, putting the tech company squarely in the game to develop self-driving vehicles and confirming the Jewish state’s status as an innovation hub. “Congratulations to Mobileye! Israeli genius, Israeli pride,” Prime Minister Benjamin Netanyahu wrote on Twitter after the deal’s announcement. Added Science…
SAN FRANCISCO – Andy Grove, the Silicon Valley elder statesman who made Intel into the world’s top chipmaker and helped usher in the personal computer age, died on Tuesday at age 79, Intel said. The company did not describe the circumstances of his death but Grove, who endured the Nazi occupation of Hungary during World…
100% of profits support our journalism
