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

  • Bosch and Daimler join forces on shared driverless cars
    April 5, 2017
    Bosch and Daimler are joining forces to advance the development of fully automated and driverless driving. The two companies have entered into a development agreement to bring fully automated (SAE Level 4) and driverless (SAE Level 5) driving to urban roads by the beginning of the next decade. The objective is to develop software and algorithms for an autonomous driving system. By introducing fully automated and driverless driving to the urban environment, Bosch and Daimler aim to improve the flow of tra
    Read More
  • US IntelliDrive cooperative infrastructure programme
    February 2, 2012
    The 'rebranding' of the US's Vehicle-Infrastructure Integration programme as IntelliDrive marks an effort to make the whole undertaking more accessible both in terms of nomenclature and technology. Shelley Row, director of the ITS Joint Program Office within USDOT's Research and Innovative Technology Administration, talks about the changes
    Read More
  • Inrix informs FHWA’s data improvements
    December 19, 2017
    Refinements in the data available from the US Federal Highway Administration will improve road management across America. David Crawford reports. In August 2017, the US Federal Highway Administration (FHWA) issued the first results from an upgraded version of its National Performance Management Research Data Set (NPMRDS). Developed to identify the locations and times of high congestion affecting traffic flows along America’s 259,000km (161,000 mile) national highway system, this is a key resource for sta
    Read More
  • Monotch and Cohda join New Zealand road worker safety V2X trial
    February 19, 2024
    Proof of concept project will aim to communicate warnings from workzones to road users
    Read More

Highlighted Content