Major companies around the world are investing in self-driving cars, these include Tesla, General Motors, Google, Uber and now Intel has also joined the ranks.

Intel has announced yesterday that it is acquiring an Israel-based company Mobileye for $15.3 billion. Mobileye develops vision-based advanced driver assistance systems and driver-less technology.

Intel says that this acquisition will couple the best-in-class technologies from both companies, including Intel’s high-performance computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to the car.

Intel gets the leading positions in automotive industry:

It is worth noting that this deal positions Intel as a leading company in the automotive industry and speed up innovation in the sector. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.

Intel says that its existing efforts in the automated driving will combine with Mobileye, however the company will keep its separate identity and continue working from Israel.