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US chip giant says purchase will help cloud and data center customers maximize performance, reduce costs; deal is Intel's 7th acquisition of an Israeli company since 2016
Jerusalem-headquartered autonomous driving subsidiary to go public later this year
Intel's Jerusalem-based subsidiary teams up with German electric vehicle maker and US transportation software developer to roll out project
Migdal Ha'emek-based company, founded in 1993, is leading maker of chips and semiconductors; purchase will be Intel's sixth acquisition of an Israeli company in recent years
The deal, estimated at $150 million, marks Intel's fifth purchase of an Israeli company in 5 years