The Intel logo on a screen at the Nasdaq MarketSite, in New York's Times Square. Intel said on May 4 that it has purchased Israeli urban mobility startup Moovit for US$900mil (RM3.88bil). — AP
BERKELEY, California: Intel is buying transportation-planning service Moovit for US$900mil (RM3.88bil) as the world's largest computer chip maker moves further down the road in its effort to build self-driving cars.
The deal announced on May 4 gives Intel another tool to use in its push to become a major player in the race to create the technology needed to build fleets of taxis that will be able to transport passengers without a human driver behind the wheel.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
