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Mobileye to Donate $2.75 Million to Social Services

Organizations can apply to receive money from Mobileye until the end of the month

Hagar Ravet 11:2824.03.20

Jerusalem-headquartered automotive chip developer Mobileye announced Monday it will donate NIS 10 million (approximately $2.73 million) to social organizations and nonprofits that are in need of financial help. Organizations that support the Israeli economy and assist individuals in need of social or financial aid can apply to receive money from Mobileye until the end of the month.

 

Mobileye was acquired in 2017 by Intel for $15.3 billion, one of the biggest deals Israel has seen to date. The company is now building a new campus in Jerusalem, intended to house 2,500 employees. Mobileye is also planning to construct offices for several hundred employees in central Israeli city Petah Tikva.

 

Mobileye's CEO Amnon Shashua. Photo: Mobileye Mobileye's CEO Amnon Shashua. Photo: Mobileye