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

  • Over-the-air software updates to benefit for automotive market, IHS says
    September 8, 2015
    While quite common in smartphones and personal computers, remote over-the-air (OTA) software updates are still only in their infancy in the automotive space, according to a new report from IHS Automotive. The report finds that OTA software updates will eventually be a big benefit for the automotive industry due to their capacity to reduce warranty costs, potentially increase overall completion rates for software-related recalls, improve customer satisfaction by eliminating trips to the dealership for so
    Read More
  • Siemens to equip StreetScooter EV with innovative electronics and software
    July 30, 2014
    Siemens' central research department and electric vehicle manufacturer StreetScooter are to equip an electric car with an innovative electronic and software architecture as part of the Robust and Reliant Automotive Computing Environment for Future eCars (RACE) project. For the first time ever, the architecture will make it possible to retrofit functions such as electrical brakes and systems such as lane-keeping assistants using a plug-and-play process like on home PCs. The two companies plan to incorpora
    Read More
  • Here teams up with Iowa DOT on autonomous driving
    October 11, 2016
    Here is partnering with the Iowa DOT to develop automated vehicle and freight movement technologies, in a multi-phased project which lays the foundation for the future of transportation and mobility in Iowa. By leveraging advanced technology from Here and starting with the I-380 corridor, Iowa DOT aims to create a more efficient and safe road network and generate more economic development opportunities. Here Open Location Platform, Here HD Live Map, Here Real-Time Traffic and Here Predictive Traffic s
    Read More
  • Real-time Ubuntu offers low latency
    February 22, 2023
    Canonical's open-source software OS is designed for applications such as C/AVs
    Read More

Highlighted Content