U.S. technology company Intel (INTC.O) agreed to buy Israeli technology company Mobileye (MBLY.N) for 1$4-15 billion, according to TheMarker, an Israeli financial newspaper.
The company will officially announce the acquisition, one of the largest for an Israeli company, according to TheMarker.
Mobileye is a leading supplier of active safety systems that can help drivers to avoid collisions on the road.
Intel and Mobileye have not commented this event.
The two companies are already involved in a joint project with BMW. In the second half of the 2017 year, the company plans to make 40 self-driving vehicles on the road.
BMW announced its partnership with two companies in July, with the aim of development the capacity of introducing fully autonomous vehicles to the market until 2021.
The company Mobileye was founded in 1999 with the aim of preventing accidents and fatalities. Mobileye was included in the list of the New York Stock Exchange in 2014, its market capitalization is $10.6 billion
Goldman Sachs invested in the company $130 million in 2007.