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. To ask a question during that time, please press star followed by one on your touch-tone phone. To withdraw your question, press the pound key. 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 am 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 will hear remarks from each of them, followed by Q&A with the media. The call will conclude in 30 minutes. Our presentation and discussion today will include forward-looking statements related to our outlook, expectations and beliefs. They are 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 Mobileye securities. Mobileye 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 am really excited to be here today. As Laura mentioned, what we are 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. I am 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.
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. Together, we believe we are and will continue to be the leader in autonomous driving. For us, we see this as a huge opportunity, very large market. We've talked about a market as big as $70 billion when you look at hardware, software, services, all of those areas that are really going to be opened up. 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.
That's really another part of why we wanted to be a leader in this portion of the industry. I want to just introduce Amnon for a second. I've had a great opportunity to get to know him over the last year or so, that we've been in discussions. 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. With that, I'd like to welcome Intel's newest Senior Vice President and senior leader, Amnon Shashua.
Thank you, Brian, and good morning to everyone. Today we are Mobileye and Intel a company. This is really a very exciting moment for everyone. I think our two companies, now one, have the unity of purpose to move forward at full steam and build the future of transportation. 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 save lives and have potential to spread across the global vehicle fleet. We'll build the standards of the technology for autonomous driving and serve our existing and future OEM and Tier 1 customers, providing a car-to-cloud system. 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.
Together we can open compute platforms, data centers, and 5G communication and allow close collaboration with our customers. We see this as a great opportunity and a great moment for Mobileye, and we are really excited to join the Intel family. I turn it now to the operator for the Q&A.
Ladies and gentlemen, as a reminder, for audio questions, please press star followed by one on your touch-tone phones. Again, that is star one on your touch-tone phones for audio questions. Our first question comes from Omer Kabir with Calcalist.
Hi, Intel. Hi, Brian and Amnon. This is Omer Kabir from Calcalist. I wanted to ask about Ziv leaving. Ziv was with Mobileye from the beginning. I was wondering what is the reason for him leaving in such an important moment?
Should I take it, Brian?
Yes, go ahead, Amnon.
Ziv has been with us for 18 years. He was with me together as two in the box in 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. I think after 18 years, a person is entitled to start a new path. If Ziv will continue to be the CEO of OrCam or other company, Ziv will continue being with us in spirit, at least.
Yeah, I would just add, I had a chance to spend time with Ziv over the last several months and even talked to him over the last couple of days as he made this decision. I just, as Amnon said, want to thank him for what he's created here with Amnon. 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 OrCam 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 two 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.
I can start if you'd like, Amnon, and then hand it.
Amnon can take it.
Just, Aaron, I want to start with if you take a look at the autonomous cars that are on the road today, the two 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 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. 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 5G, and the data center for collecting that data.
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. We are unique in that solution. I'll let you, Amnon, go into the detail.
Yeah. 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, that's a much more complex game. It is really about the solution and not just about one component of the solution. When it comes to compute power, between Mobileye and Intel, we have the highest level of compute power that you can imagine. The EyeQ4 and EyeQ5 as it is the best on the market in terms of the compute density. Add to it Intel's Xeons and Denvertons and other system on chips that Intel provides, and you have the best compute power.
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 million 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.
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.
Again, ladies and gentlemen, for questions, please press star followed by one on your touchtone phone. Again, as a reminder, questions are for press only. Ladies and gentlemen, thank you for participating in today's conference call. You may now disconnect your lines.