Intel to buy a piece of online mapping firm 'HERE'

Intel to buy a piece of online mapping firm 'HERE'
Chip company Intel has agreed to purchase 15% of online mapping and navigation company HERE maps. Audi, BMW and Daimler purchased the entire company from Nokia for $3.07 billion in August 2015 as a way to help these automobile manufacturers build driver-free cars. Owning HERE gives them the mapping and navigation technology needed to build out a transportation system where vehicles navigate themselves without a driver. Information is received from mapping and navigation services like HERE.

The deal is expected to close in the current quarter. No information has been released about the price paid by Intel for the stake. It is easy to understand why the car manufacturers were interested in HERE. But why does Intel have an interest in the company? According to Edzard Overbeek, HERE CEO, "As a premier silicon provider, Intel can help accelerate HERE’s ambitions in this area by supporting the creation of a universal, always up-to-date digital location platform that spans the vehicle, the cloud and everything else connected."


Intel also can work with Audi, BMW and Daimler in developing tools for the automobile industry. These tools can help them shorten the time it takes to develop a new vehicle.

source: Intel via SlashGear

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6 Comments

1. SIGPRO

Posts: 2817; Member since: Oct 03, 2012

Hope that Intel will not sell it's soul to apple! Because Nokia did want to sell HERE to apple!

3. Klinton

Posts: 1409; Member since: Oct 24, 2016

HERE was exclusive for some Samsung devices.

2. sip1995

Posts: 1771; Member since: Feb 07, 2014

And since Microsoft signed a deal with Here to use their data and etc..... Intel just found a way to (somehow) control Microsoft for using the chips and stuff. Don't forget that SD 835 came out and Intel have serious competitors now.

4. Klinton

Posts: 1409; Member since: Oct 24, 2016

Samsung not only makes SD 835(on its own 10nm process), but also Exinos version. Not only MS have deal with HERE, HERE is great for offline, but do they update it regularly?

5. SIGPRO

Posts: 2817; Member since: Oct 03, 2012

HERE updates reguraly, the best navigation app in my opinion!

6. JC557

Posts: 1919; Member since: Dec 07, 2011

The maps get updated when needed and the same goes for the app itself. It's not monthly, just whenever bugs need to be addressed or new features are added.

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