Intel Buys Movidius: Automotive Vision in Play?

MADISON, Wis. – Intel Corp. unveiled early Tuesday morning the company’s plan to acquire Movidius Technology, a San Mateo, Calif.-based startup who has developed an ultra-low-power computer vision-processor.The deal is expected to close in the later third or early fourth quarter this year. The two companies have not disclosed the transaction cost.Just four months ago, EE Times posted a blog entitled “Will Intel’s Drone Chips Fly?” In that blog, referring to Intel’s depth sensing technology called RealSense, Remi El-Ouazzane, Movidius CEO called the technology “a world-class, quality depth solution.” At that time, El-Ouazzane also told us: “Practically all the chip companies currently in the drone market —Intel, Qualcomm, Nvidia and Movidius included—are going after the same target: Autonomous drones.”For Intel, however, this is not just about entering the drone and…

Link to Full Article: Intel Buys Movidius: Automotive Vision in Play?

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