Intel has acquired a 15% stake in mapping technology provider Here as part of a strategic partnership, buying shares from BMW, Audi and Daimler.
Semiconductor maker Intel paid an undisclosed amount for a 15% stake in US-based geolocation technology provider Here on Tuesday, buying shares from carmakers Audi, BMW and Daimler.
Here was built by communication technology provider Nokia, which sold the entity to the automotive companies in 2013 for $2.8bn. Its technology can be used to create advanced and intelligent maps.
Intel’s investment, which comes shortly after internet company Tencent, mapping services provider NavInfo and investment firm GIC jointly acquired a 10%…
