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Intel buying driverless car technology firm

US chipmaker Intel is taking a big bet on driverless cars with a US$15.3 billion takeover of specialist Mobileye.
  
Intel will pay $63.54 a share in cash for the Israeli company, which develops autonomous driving systems.
  
Mobileye and Intel are already working together, along with German car maker BMW, to put 40 test vehicles on the road in the second half of this year.
     
Intel expects the driverless market to be worth as much as $70 billion by 2030.



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