Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Intel to acquire Silicon Mobility, unveils AI vehicle chips

EditorLina Guerrero
Published 01/09/2024, 07:12 PM
Updated 01/09/2024, 07:12 PM
© Reuters.

LAS VEGAS - Intel Corp (NASDAQ: NASDAQ:INTC) announced its plans to acquire Silicon Mobility SAS, a specialist in electric vehicle (EV) energy management systems, as part of its strategy to expand its artificial intelligence (AI) technologies to the automotive market. The acquisition is pending necessary regulatory approvals.

The technology giant also introduced a new family of AI-enhanced software-defined vehicle system-on-chips (SoCs) at the Consumer Electronics Show (CES) on Tuesday. These SoCs are designed to improve in-vehicle experiences through AI capabilities, such as driver and passenger monitoring systems.

Zeekr, a brand under Geely Holding Group, is set to be the first original equipment manufacturer (OEM) to implement Intel's new SoC technology, aiming to bring advanced GenAI living room experiences to its next-generation vehicles.

Furthermore, Intel is committed to establishing the industry's first open automotive chiplet platform, which will allow customers to integrate their own chiplet designs into Intel's automotive products. This initiative is expected to provide OEMs with greater flexibility and cost efficiency in developing custom SoC solutions.

Intel's acquisition of Silicon Mobility is intended to extend its reach beyond high-performance computing to include intelligent power devices, which are crucial for efficient energy management in EVs. Silicon Mobility's technology portfolio includes SoCs that are co-designed with advanced software algorithms, promising significant improvements in vehicle energy efficiency.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.