Reports: Intel buys Mobileye in biggest Israeli hi-tech deal

JERUSALEM-- Microprocessor giant Intel was set to buy Mobileye, an Israel-based developer of driver assistance systems, for USD14 billion to USD15 billion, in a record-breaking deal for Israel's hi-tech industry, Israeli media reported on Monday.

The companies declined to comment on the reports, but an announcement is reportedly expected within hours.

Source: Philippines News Agency