Photo Credit: Moshe Shai / Flash 5
Highway 5 (file photo)

Prime Minister Benjamin Netanyahu, spoke Monday (March 13) by telephone with Mobileye President and CEO Ziv Aviram and congratulated him on the largest deal in the history of Israel, which he called a source of Israeli pride.

Aviram told Prime Minister Netanyahu that the center of the company’s operations would remain in Israel, that the company would build a global development center in the country, and that it would be responsible for Intel’s international activity regarding autonomous vehicles.

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“The deal dramatically proves that the vision which we are leading is being realized,” said Prime Minister Benjamin Netanyahu. “Israel is becoming a global technology center not just in cyber but in the automotive sector as well.”

Intel Corporation is purchasing Mobileye, an Israeli technology company that develops vision-based advanced driver assistance systems providing warnings for collision prevention and mitigation, for an estimated $15 billion.

Mobileye N.V. was founded in 1999 by Hebrew University researcher Amnon Shashua, who grew his academic research into a technical solution for a vision system that detects vehicles using a camera and software algorithms. Shashua, together with Ziv Aviram, set up the company’s R&D headquarters in Jerusalem.

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