Intel to Buy Silicon Mobility SAS
January 09 2024 - 7:09PM
Dow Jones News
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)
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