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Intel acquires Moovit for $900M; accelerating Mobileyes Mobility-as-a-Service offering

2020-05-05 10:56:10| Green Car Congress

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Intel confirms acquisition of Moovit for USD 900 million

2020-05-05 08:43:00| Telecompaper Headlines

(Telecompaper) Intel has confirmed the acquisition of mobility applications developer Moovit for USD 900 million, or USD 840 million net of Intel Capital's profit on its initial stake. Moovit is expected to add to Intel's ADAS business Mobileye and its plan to become a complete mobility provider. 

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Intel beats expectations in Q1 but guides for lower Q2

2020-04-24 09:36:00| Telecompaper Headlines

(Telecompaper) Intel said first-quarter revenues beat expectations, jumping 23 percent from the year before to USD 19.8 billion, with adjusted earnings per share leaping 63 percent to USD 1.45. Still, looking ahead, Intel is guiding for lower revenues on a sequential basis, at USD 18.5 billion in Q2. Data-centric revenue is seen rising 25 percent while PC-centric revenue is expected flat to slightly up. 

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Intel sells home gateway business to Maxlinear for USD 150 mln cash

2020-04-06 16:17:00| Telecompaper Headlines

(Telecompaper) MaxLinear has agreed to buy Intel's connected home unit for USD 150 million in cash. The Home Gateway Platform division includes chips for Wi-Fi access points and Ethernet and home gateway products. MaxLinear said the acquisition will complement its existing portfolio, bringing together a complete and scalable platform of connectivity and access service products for existing customers, and creating potential new revenue opportunities in adjacent target end-markets.

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Nokia partners with Intel for a 5G helping hand

2020-03-05 01:00:00| Total Telecom industry news

It is no secret that Nokia has been having some trouble with 5G. In October last year, Nokia suspended its dividend and significantly lowered its financial expectations for 2020 and 2021 as a result of a weaker financial performance than anticipated.    At the time, CEO Rajeev Suri explained this lackluster performance as stemming from the materialisation of a number of risks…read more on TotalTele.com »

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