Ladies and gentlemen, thank you for standing by, and welcome to the Intel Complete tender offer for Mobileye. During the presentation, all participants will be in a listen only mode. Afterwards, we will open the call for questions. I will now hand the program over to Laura Anderson, Vice President of Global Communications for Intel. Please go ahead.
Great. Thank you, Kristen. Good morning, everyone, and welcome to our media conference call regarding the announcement of the completion of Intel's tender offer for Mobileye. I'm joined today by Brian Krzanich, our CEO and Amnon Shashua, Mobileye's Co Founder. Amnon will serve as an Intel Senior Vice President and the CEO and CTO of Mobileye, an Intel company.
In a moment, we'll hear remarks from each of them, followed by Q and A with the media. The call will conclude in 30 minutes. Our presentation discussion today will include forward looking statements related to our outlook, expectations and beliefs. They're subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Please review our press release announcement regarding the transaction as well as our SEC filings with further details regarding these risks and uncertainties.
Please note that the tender offer in connection with Intel's acquisition of Mobileye is ongoing and our communication is neither an offer to purchase nor a solicitation of an offer to sell any mobilized securities. Mobilized shareholders are urged to read the tender offer statement as amended and supplemented and including the offer to purchase and related offer of transmittal and certain other tender offer documents and the solicitation recommendation statement as filed with the SEC because they contain important information about the transaction. With that, I will turn the call over to Brian.
Okay. Good morning, everybody. I'm really excited to be here today. And as Laura mentioned, what we're announcing this morning is the completion of the acquisition of Mobileye and really the discussion around why did Intel buy Mobileye and what our strategy is moving forward. So I'm just going to take a couple of minutes and then hand it over to Amnon to give you guys a little bit more detail about our plans.
For us, Intel, we made this acquisition because we saw Mobileye as the leader and the innovation source around the computer vision, in autonomous driving and autonomous vehicles in general. And we saw that together putting Intel's compute, our factories and our overall technology leadership from end to end, along with Mobileye that we could deliver to our customers the best performance, best power at the best prices and really change what the autonomous driving ecosystem has right now. So together, we believe we are and will continue to be the leader in autonomous driving. And for us, we see this
as a huge opportunity, very large market.
We've talked about a market as big as $70,000,000,000 when you look at hardware, software, services, all of those areas that are really going to be opened up. But as important as the market opportunity, we see this as really changing the world and the way we drive, the safety of our passengers and our future children in the driving environment and truly saving lives. And that's really another part of why we wanted to be a leader in this portion of the industry. So I want to just introduce And I've seen him as not only just a great leader and an entrepreneur, but as a technologist, one of the best I've seen and met over my years. And so with that, I'd like to welcome Intel's newest Senior Vice President and Senior Leader, Amnon Chishua.
Thank you, Brian, and good morning to everyone. So today we are a mobile line Intel company. This is really a very exciting moment for everyone. I think our 2 companies now 1 have the unity of purpose to move forward at full steam and build the future of transportation. So the integration of Intel's current activities into Mobileye creates a unique and powerful opportunity.
It allows us to accelerate and expand our outreach in advanced driving assist, systems that already saves lives and have potential to spread across the global vehicle fleet. We'll build the standards of the the technology for autonomous driving and serve our existing and future OEM and Tier 1 customers, providing a car to cloud The system will combine our solutions for computer vision, sensing, fusion, mapping, driving policy, all of them running on the most advanced system on chips one could imagine. And together, we can open compute platforms, data centers and 5 gs communication and allow close collaboration with our customers. So we see this as a great opportunity and a great moment for Mobileye, we're really excited to join the Intel family. I turn it now to the operator for the Q and A.
Our first question comes from Emil Kabir with CACQUELIST.
Hi, Intel. Hi, Brian and Amnon. This is Omer Kabir from CACQUELIST. And I wanted to ask about Ziv leaving Ziv with Timopira from the beginning. I was wondering what you do is it from leaving such an important moment?
Should I take it, Brian?
Yes, go ahead, Arnon.
No, Ziv has been with us for 18 years. He was with me together as 2 in the box and all the important junctions in the life of the company, the strategic junctions. He led our IPO and he put there his unique signature, the biggest IPO ever, the biggest Israeli IPO ever. And I think after 18 years, a person is entitled to start a new path. If Ziv will continue to be the CEO of Orkam, our other company and Ziv will continue being with us in spirit at least.
Yes. I would just add, I had a chance to spend time with Ziv over the last several months and even talk to him over the last couple of days as he made this decision. And I just as Amnon said, want to thank him for what he's created here with Amnon. And I think he's going to go on and do other things and I expect to see great things from him in the future, whether it's through Oracam or through other ventures. I think we'll see Ziv in the future.
Our next question comes from Aaron Pressman with Fortune.
Hi, guys. Thank you very much for taking my question. I was wondering if you could put a little more detail or maybe a little finer point on how the combination of the 2 companies efforts will compete in the marketplace against NVIDIA and Tesla doing its own thing and all the others that are out there. Thank you.
So I can start if you'd like, Amnon and then hand it. Yes. So I just Aaron, I want to start with, if you take a look at the autonomous cars that are on the road today, the 2 companies actually have a great share position on their respective segments, whether it be the computer vision and sensor fusion side with Mobileye or the kind of the compute engine driving the car with Intel. Combined and especially with Amnon's leadership, we believe we can continue to drive innovation and performance into really an end to end cohesive platform. So what customers are looking for is this ability to really come to one place and have a solution that does the computer vision and sensor fusion, the computing of driving the car, the connectivity of 5 gs and then the data center for collecting that data.
And only this combination of Intel and Mobileye can go really what I call from the front of the car where the cameras and sensors start all the way through the car and back up into the data center. And we are unique in that solution. And so then I'll let you, Amnon, kind of go into the detail.
Yes, definitely. Everything that Brian said, I embrace. Sometimes you hear a very narrow narrative about autonomous driving. Some actors would emphasize only the compute power. Give me more and more tera operations per second per wattage of power consumption per millimeter square of area of silicon.
The more computing power I'll have, the better and I'll solve the problem. In reality, it's a much, much more complex game. It is really about a solution and not just about one component of the solution. When it comes to compute power in between Mobileye and When it comes to compute power, between Mobileye and Intel, we have the highest level of compute power that you can imagine. The IQ 4 and 5 as it is, is the best on the market in terms of the compute density.
Add to it, Intel's Xions and Denver tons and other system on chips that Intel provides and you have the best compute power. But this is only the tip of the iceberg. In order to solve autonomous driving, you need to think about mapping. You need to think about artificial intelligence in the sense of driving policy, merging into traffic. You need to think about safety.
What does it mean to have a machine drive a car? How can you guarantee that there will not be any accident? Is it by just collecting lots and lots of miles and then saying, look, I collected 2,000,000 miles and I don't have an accident? Is this sufficient to say that you have an autonomous car? You need to interact with the regulators.
You need to have a formal model of what safety means. It is a complex game and Intel and Mobileye together as one global organization, we have at our disposal a solution. And I think this is what separates us apart from other actors, which have a handle on a component of a solution. We have a handle on the entire end to end game that together makes a solution.
Thank you.
Ladies and gentlemen, thank you for participating in Tuivyday's conference call. You may now disconnect your lines.