Intel seeking indirect stake in mapping firm HERE - German cartel office
3 Jan 2017 9:05 PM IST
The filing dated Jan. 2 said Intel Corporation is seeking an indirect stake in HERE International B.V
Intel is about to layoff a major portion of its wearables division, people familiar with the matter claims
Chip maker Intel has sought approval to buy a stake in HERE, a digital mapping firm controlled by Germany's carmakers Daimler, BMW and Volkswagen, a filing to the German cartel office showed.
HERE could not immediately be reached for comment. Intel declined to comment. Germany's cartel office would not comment on the size of the stake sought by Intel.
The filing dated Jan. 2 said Intel Corporation is seeking an indirect stake in HERE International B.V.
In July, BMW teamed up with Intel and Mobileye to develop self-driving cars by 2021.
( Source : reuters )
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