Big self-driving car deal for Mobileye

Intel"s (NASDAQ:INTC) $15.3B deal for Mobileye is bearing big fruit. The company has signed a contract to supply 8M cars at a European automaker with its advanced self-driving systems.

The deal will begin in 2021, when Intel"s EyeQ5 chip, which is designed for fully autonomous driving, is launched as an upgrade to the EyeQ4 that will be rolled out in the coming weeks.