Intel is buying Israeli machine-vision specialist Mobileye for $15.3bn, in a move that will see Intel’s early-stage Automated Driving Group (ADG) diversification wing merged into the Israeli company, which is the current number-one supplier of the chips and software that power video-based image recognition in cars. The price is a huge premium, around 35%, and something that Mobileye couldn’t really refuse. But Intel shareholders have pretty good cause to worry about the price paid for Mobileye. While Intel’s market of $166bn dwarfs Mobileye’s $9bn, the $15.3bn acquisition price is around 37x revenue – indicative of the value that Intel places on land-grab market-share and Mobileye’s IP portfolio, which will be useful for clobbering other entrants into the automotive silicon markets…