Last October, Qualcomm announced a $47 billion deal to acquire the Netherlands’ NXP, the largest automotive chip supplier, putting pressure on other chipmakers seeking to make inroads into the market, including Intel, Mobileye and rival Nvidia <NVDIA.O>.
The Qualcomm-NXP deal, which will create the industry’s largest portfolio of sensors, networking and other elements vital to autonomous driving, is expected to close later in 2017.
For a dozen years, Mobileye has relied on Franco-Italian chipmaker STMicroelectronics to produce chips that the Israeli company sells to many of the world’s top automakers for its current, third-generation of driver-assistance systems.
Mobileye’s relationships with automakers, leading suppliers and STMicroelectronics will continue uninterrupted, the companies said in their statement, and Mobileye’s current product roadmap will not be affected.
(Additional reporting by Edward Taylor, Eric Auchard and Narottam Medhora; Editing by Luke Baker, Mark Potter and Saumyadeb Chakrabarty)
Originally posted 2017-03-13 15:25:35.
