Intel has agreed to purchase a 15% stake in the Germany-based digital mapping firm HERE, as the US chip giant expands its presence as a supplier of autonomous driving devices.
HERE is jointly owned by leading German carmakers Daimler, BMW, and Volkswagen, underscoring how automakers and suppliers are increasingly working together for the development of autonomous cars.
In December, two Chinese firms and Singapore-based investment firm GIC agreed to purchase a 10% stake in HERE.
Israel-based Mobileye and Intel are working together to introduce fully autonomous cars as early as 2021. Other industry partnerships include Delphi and Mobileye's plans to develop autonomous driving systems and Ford and Baidu's investment in Velodyne LiDAR. Read more on Reuters