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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…
Self-driving cars, a car battery that charges in five minutes, a sensor that can analyze a car’s surroundings and cars that talk to each other about road conditions. These are just a handful of the projects that Israeli technology companies are working on to improve the experience of driving — or do away with it…
Self-driving cars, a car battery that charges in five minutes, a sensor that can analyze a car’s surroundings and cars that talk to each other about road conditions. These are just a handful of the projects that Israeli technology companies are working on to improve the experience of driving — or do away with it…
TEL AVIV (JTA) – To build a Jewish state in the Middle East, Israelis had to be innovators. Some of what they’ve come up with has been used mostly by their fellow citizens — think Hebrew slang, Bamba snacks and the Iron Dome missile defense system — at least so far. But many other Israeli creations have…
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…
Mobileye N.V., which makes software and cameras that help cars avoid accidents, filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering. The Israel-based company listed Goldman Sachs and Morgan Stanley as lead underwriters to the IPO, according to a regulatory filing. The company’s collision-avoidance technology is used…
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