In the largest acquisition ever of an Israeli high-tech company, Intel just announced the purchase of Mobileye for over $15 billion. Accounting for over 70% of the advanced driver assistance/anti-collision systems in the world, Mobileye’s mission is to reduce motor vehicle accidents and injuries.
According to Mobileye’s website:
Mobileye has invested over 15 years in R&D to gain an unparalleled knowhow. The company is the global leader in the development of monocular vision-based advanced collision avoidance systems, providing system-on-chip and computer-vision algorithms to run Driver Assistance Systems (DAS) customer functions such as Lane Departure Warning, Vehicle Detection for radar-vision fusion, Forward Collision Warning, Headway Monitoring, Pedestrian Detection, Intelligent High Beam Control, Traffic Sign Recognition, vision-only Adaptive Cruise Control, and more.
Not only is it a boon in Israeli technology, but it is expected by some experts to take US chip-making giant, Intel, into new markets beyond their semiconductor flagship. According to Reuters:
The stakes are enormous. Last year, Goldman Sachs projected the market for advanced driver assistance systems and autonomous vehicles would grow from about $3 billion in 2015 to $96 billion in 2025 and $290 billion in 2035.
This is just one more obstacle for those intent on developing the BDS Movement (Boycott, Divest, Sanction), in attempts to cripple Israel’s economy. Short of discarding many of the electronic gadgets we own, it is virtually impossible to boycott Israeli products! Praise God for giving the Jewish people such incredible creativity and innovation! They have given the world many products and equipment in the fields of agriculture, medicine, military, technology and much more. Indeed, they are an innovation nation!
Hey gang, on a separate note, I hope you’ll follow along later this week when I post some material from my latest Bible study. We’ll examine 4 Biblical principles regarding Israel, and, as an extension, God’s dealings with Israel and the nations. So, pull up a chair and join us as we study! You will be blessed!