Intel to acquire stake in Here

Intel has agreed to purchase a 15 percent ownership stake in digital maps and location-based services provider Here, from Here’s current indirect shareholders, Audi, BMW and Daimler. Intel and Here have also signed an agreement to collaborate on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition (HD) maps for highly and fully automated driving. Additionally, the two companies plan to jointly explore strategic opportunities th
January 4, 2017 Read time: 1 min
4243 Intel has agreed to purchase a 15 percent ownership stake in digital maps and location-based services provider 7643 Here, from Here’s current indirect shareholders, 2125 Audi, 1731 BMW and 2069 Daimler.

Intel and Here have also signed an agreement to collaborate on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition (HD) maps for highly and fully automated driving. Additionally, the two companies plan to jointly explore strategic opportunities that result from enriching edge-computing devices with location data.

Intel will also work with Audi, BMW and Daimler to test the architecture. Intel and Here envision making the architecture broadly available across the automotive industry as a seamlessly integrated offering that simplifies and shortens time of development for automakers.

The transaction is expected to close in the first quarter of 2017.
Location Based Systems

For more information on companies in this article

Related Content

  • Eastlink trials of automated vehicle technologies ‘have delivered real results’
    August 23, 2017
    Trials in Australia to determine the compatibility of the latest automated vehicle technologies with EastLink have been steadily progressing throughout this year. The trials are being undertaken by EastLink in partnership with VicRoads, the Australian Road Research Board (ARRB), La Trobe University and RACV, with the assistance of major vehicle manufacturers. With autonomous driving on EastLink and other suitable freeways expected within the next few years (subject to legislative changes), Eastlink says the
    Read More
  • Here and Hyundai collaborate on mapping and navigation technology
    June 9, 2016
    Here and Hyundai Motor Europe are expanding their collaboration to equip new Hyundai vehicles with built-in navigation systems with the latest map content powered by Here. Available on vehicles sold in Europe, the Hyundai navigation system gives drivers accurate and fresh Here map data. Additionally, the navigation system offers voice-activated turn-by-turn navigation, photorealistic 3D buildings, millions of local search points of interests, and advanced driver assistance systems features. The compan
    Read More
  • The cloud - the future of in-car telematics?
    February 28, 2013
    Fiat Chrysler product concept and infotainment director Pierpaolo Tona told the conference that the big car manufacturers need to organise their telematics approach around three key pillars – and the first one of those is people. “OEMs need to understand consumers and their needs better than they understand them themselves,” he commented. The second pillar, suggested Tona, is technology. “Technology is never for the sake of it. Choose the right technology with the right performance to fulfil every consumer’
    Read More
  • CES 2020: ITS does Vegas
    March 3, 2020
    Keen to find out what the future holds, 170,000 people gathered in Las Vegas for CES 2020 to see 20,000 product debuts and 4,400 exhibitors... and ITS International was there too (All images: CES®)
    Read More

Highlighted Content