Intel set to buy chip maker Movidius

Intel plans to buy Movidius, a Dublin-based maker of computer chips used in vision applications, to expand its operations in computer-driven sensing and mapping, at a reported price of €322m.

The company was established in Dublin a decade ago by David Moloney and Seán Mitchell.

It subsequently opened its offices in San Mateo in California, in the heart of Silicon Valley, and last year established its first dedicated Chinese office in Shanghai.

Movidius also closed a funding round in 2015 which saw it raise $40m (€35.8m).

Intel had already launched operations it calls RealSense, which it says gives it a lead in computer vision applications.

“Additionally, this acquisition brings algorithms tuned for deep learning, depth processing, navigation and mapping, and natural interactions, as well as broad expertise in embedded computer vision and machine intelligence,” said Josh Walden, the senior vice president and general manager of Intel’s New Technology Group.

“Specifically, we will look to deploy the technology across our efforts in augmented, virtual and merged reality, drones, robotics, digital security cameras and beyond.”


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