Tuesday, 3 January 2017

Intel to buy a piece of online mapping firm 'HERE'

Chip company Intel has agreed to purchase 15% of online mapping and navigation company HERE maps. Audi, BMW and Daimler purchased the entire company from Nokia for $3.07 billion in August 2015 as a way to help these automobile manufacturers build driver-free cars. Owning HERE gives them the mapping and navigation technology needed to build out a transportation system where vehicles navigate themselves without a driver. Information is received from mapping and navigation services like HERE.

The deal is expected to close in the current quarter. No information has been released about the price ...

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