Intel agreed to purchase Silicon Mobility SAS, a fabless silicon and software program firm that develops system-on-chips for clever electric-vehicle vitality administration.
The buy is without doubt one of the plans Intel
INTC,
introduced at CES to convey its “AI everywhere strategy into the automotive market.”
Silicon Mobility SAS is a portfolio firm of Cipio Partners and Capital-E. An Intel press launch didn’t give the acquisition worth. In 2018, the corporate reported that it accomplished a $10 million Series B spherical of funding.
Source web site: www.marketwatch.com
