Intel is all-in on autonomous cars.
The company’s autonomous vehicle division, Mobileye, has signed a deal to provide self-driving technology to eight million cars for a “European automaker,” Reuters reports, citing a company official.
The terms of the deal, and the identity of the automaker in question, have not been disclosed. Mashable reached out to Intel for clarification but did not hear back immediately.
The contract’s terms will kick in in 2021, when Intel’s new EyeQ5 chip, designed to power fully autonomous vehicles (i.e. Level 4 or 5 on the SAE scale), launches.
This partnership is a big deal, not only for Intel, but for its competitors as well.
Intel has long been competing with rivals Nvidia and AMD to provide the chips to power autonomous vehicles. Nvidia, at the end of last year, was poised to become the dominant manufacturer.
Mobileye is currently working with a number of manufacturers, including General Motors, Nissan, Audi, BMW, Honda, and Fiat Chrysler to supply various levels of self-driving technology. A contract of this magnitude is a clear signal to any other company designing self-driving chips: Step up your game.