Intel buys Mobileye for £12.5bn

US chipmaker Intel is taking over specialist and world leader in collision avoidance systems, Mobileye for $15.3bn ( £12.5bn). Mobileye, Jerusalem-based, Israeli company which develops “autonomous driving” systems.  The deal is the biggest ever exit in the history of Israeli industry. Intel said that the acquisition will bring out the best-in-class technologies from both companies,…

US authorities bans Intel supercomputer chip export to China

The US government has refused to let Intel export latest chips to update the Tianhe2 computer update the world’s biggest supercomputer for China, over concerns about nuclear research it is being used for. When Intel informed US authorities of its involvement with the upgrade program and was told to apply for an export licence which…