Intel acquires Israeli mapping company Telmap

October 3, 2011
Intel company headquarters in Santa Clara, California. The world's largest chipmaker is in the process of acquiring Israeli mobile mapping firm Telmap, the two companies have confirmed, in a deal reportedly worth about $300 million.

Intel, the world's largest chipmaker, is in the process of acquiring Israeli mobile mapping firm Telmap, the two companies confirmed on Monday, in a deal reportedly worth about $300 million.

Intel announced the deal in a blog posting, saying the Israeli firm would become a wholly-owned subsidiary, and Telmap also touted the deal on its website: "Telmap is happy to announce that it has been acquired by Intel."

A Telmap official confirmed the deal, but declined to say how much Intel was paying for the firm, which is based in the town of Herzliya, north of Tel Aviv.

Israeli financial newspaper Globes said the deal was worth $300 million, and that Telmap would become part of Intel's consumer services division.

Telmap specialises in mobile mapping and navigation and is expected to support Intel's AppUp app store, Globes said.

said it expected Telmap to serve as both "a great consumer service provider" but also "directly provide developers with location-based services spanning devices, and CPU architectures."

Explore further: Red Flag Delivers First Commercial Version Of Linux Compiled With Intel Compiler

Related Stories

Intel Boosts Mobile Celeron Performance

August 31, 2004

Intel Corporation today introduced the Intel® Celeron® M processors 350 and 360 for mobile PCs. Based on Intel's mobile architecture, the Intel Celeron M processor balances good mobile performance with exceptional value ...

Israel: Intel to spend $810 million here

April 7, 2006

Global chip-making giant Intel has promised to spend hundreds of millions of dollars in Israel over the coming years for procurement, the Israeli Ministry of Industry, Trade and Labor announced this week.

EU extends deadline for Intel's McAfee deal

January 6, 2011

(AP) -- Intel Corp. and security specialist McAfee Inc. have given commitments to help get European Union approval for the U.S. chipmaker's $7.68 billion takeover, European regulators said Thursday.

Intel completes McAfee acquisition

February 28, 2011

US computer chip giant Intel said Monday that it has completed its $7.68 billion acquisition of computer security firm McAfee.

Intel launches chip for tablet computers

April 11, 2011

Intel Corp. has launched a new chip for tablet computers, Atom processor Z670 based platform, as the world's most powerful semiconductor company aims to become a contender in the market for mobile chips.

Recommended for you

Team creates functional ultrathin solar cells

August 27, 2015

(Phys.org)—A team of researchers with Johannes Kepler University Linz in Austria has developed an ultrathin solar cell for use in lightweight and flexible applications. In their paper published in the journal Nature Materials, ...

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.