Netanyahu: $15.3 billion Intel-Mobileye deal to create ‘thousands’ of new jobs

 

 

Ziv Aviram, president and CEO of Mobileye, speaks at the Jerusalem Post Diplomatic Conference in Jerusalem Nov. 23, 2016. Credit: Miriam Alster/Flash90.

(JNS.org) Prime Minister Benjamin Netanyahu met with government and business leaders Tuesday on the subject of American high-tech giant Intel’s recent $15.3 billion acquisition of Mobileye, the largest-ever acquisition of an Israeli technology company.

Netanyahu met with Intel International CEO Brian Krzanich, Mobileye founders Amnon Shashua and Ziv Aviram, and Israeli Economy and Industry Minister Eli Cohen in the aftermath of the second-largest acquisition in Intel’s history.

“This is a celebration for the Israeli economy and for Jerusalem,” Netanyahu said at the meeting. “Israel is quickly becoming a global technology power and this is no coincidence.” 

The prime minister also said the acquisition would lead to the creation of “thousands of additional jobs” in Israel and “will inject funds into the Treasury.”

Acquiring Mobileye, a world leader in vision technology for Advanced Driver Assistance Systems, places Intel at the forefront of the emerging self-driving car market. 

Intel’s Krzanich said at the meeting that the deal “testified to Intel’s faith in Israel as a center of innovation and its belief in the potential of the driverless car market,” Israel Hayom reported. Mobileye’s Shashua said that “it’s not the money. The money is important. We want to change the world, change the face of cities.”

Posted on March 15, 2017 .