Intel, while holding the status as the biggest chipmaker in the world due to its overwhelming presence in the market for computer processors, still lags behind other firms, including Infineon Technologies and NXP Semiconductors, in supplying chips to the automotive industry. The project would require Intel to commit hundreds of its employees, along with hundreds of million of dollars.

Meanwhile, Mobileye, a company based in Jerusalem, has been the early leading supplier for the components, including cameras and software, that allow vehicles to map out their surroundings. General Motors and Tesla Motors are two other clients that have used the firm’s products.

 The partnership between these two companies is integral to BMW‘s plans for its iNext self-driving vehicle, especially as consumers are now basing their purchases not on the horsepower that vehicles provide but rather on the technology that they contain.

If other manufacturers eventually use the platform being developed by BMW, despite being a competitor in the automobile industry, it could propel significant innovations in self-driving car technology and its future on the road.

The news comes just as reports broke out regarding the first-ever fatality caused by a self-driving car, with Tesla Motors revealing that a car crash while a Tesla Model S was on Autopilot mode killed the driver.