#Intel wants to be a part of the car of the future and it isn’t afraid to drop a big chunk of change to do so. The company said Tuesday it is buying 15 percent of #HereMaps, the former #Nokia mapping unit owned by a consortium of German carmakers. No one is talking price, but the carmakers bought the unit from Nokia last year for $2.8 billion, so it’s reasonable to think Intel paid several hundred million dollars. The carmakers had said last year they were looking to bring in additional investors, including US tech companies. High-definition maps are a key component to self-driving cars, providing the in-car computers with not just addresses and places, but information on lane markers, intersections and a blueprint for exactly where the car is on the road at any given time.
http://www.recode.net/2017/1/3/14155288/intel-buying-stake-here-maps
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