Intel acquires Israeli mapping company Telmap

Oct 03, 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: Samsung removes logo on smartphones in Japan

Related Stories

Intel completes McAfee acquisition

Feb 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

Apr 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.

Intel Boosts Mobile Celeron Performance

Aug 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 exc ...

EU extends deadline for Intel's McAfee deal

Jan 06, 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.

Israel: Intel to spend $810 million here

Apr 07, 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.

Recommended for you

Taiwan factory workers win $18 mn over cancer deaths

Apr 17, 2015

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

User comments : 0

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.