Intel to Buy Semiconductor Startup Movidius

ENLARGE Intel Corp.’s headquarters in Santa Clara, Calif. Photo: Bloomberg News By Joshua Jamerson Joshua Jamerson The Wall Street Journal CANCEL Biography @joshjame joshua.jamerson@wsj.com Sept. 6, 2016 10:00 a.m. ET 0 COMMENTS Intel Corp. INTC 0.47 % said it would acquire Movidius, a maker of semiconductors for drones and other autonomous machines, a move that would bolster Intel’s artificial intelligence portfolio amid its desire to become a bigger player in the space. Terms of the transaction weren’t disclosed. The deal, subject to certain closing conditions, was announced in blog posts Monday. Movidius specializes in computer vision technology that allows machines to understand their surroundings and navigate accordingly. Movidius’s customers, such as Alphabet Inc.’s Google and Lenovo Group Ltd., use its technology in drones, security cameras, virtual reality headsets and other…


Link to Full Article: Intel to Buy Semiconductor Startup Movidius