(Reuters) — 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.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":2142593,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"C"}']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.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
(Reporting by Sabine Wollrab, Ilona Wissenbach, Matthias Inverardi, Edward Taylor and Irene Preisinger, editing by Louise Heavens)
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More