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INTC Intel CDR

13.22
-0.85 (-6.04%)
17:09:33 - Realtime Data
Name Symbol Market Type
Intel CDR NEO:INTC NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.85 -6.04% 13.22 13.22 13.25 13.88 13.22 13.87 196,892 17:09:33

Intel to Buy Silicon Mobility SAS

10/01/2024 12:09am

Dow Jones News


Intel CDR (NEO:INTC)
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From Dec 2023 to Dec 2024

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By Josh Beckerman

Intel agreed to buy Silicon Mobility SAS, a fabless silicon and software company that develops system-on-chips for intelligent electric vehicle energy management.

The purchase is one of the plans Intel announced at CES to bring its "AI everywhere strategy into the automotive market."

Silicon Mobility SAS is a portfolio company of Cipio Partners and Capital-E. An Intel press release didn't give the purchase price. In 2018, the company reported that it completed a $10 million Series B round of funding.

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

January 09, 2024 18:54 ET (23:54 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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