Intel has announced plans to acquire navigation and location-based services firm, Telmap, as the company drives its business into the smartphone market.
Telmap provides end-to-end mobile local search, mapping and navigation services. The company will become a wholly-owned subsidiary of Intel in a deal worth up to $350m, according to Reuters.
Peter Biddle, an engineer at Intel, said in a blog post that Intel is expanding into the mobile market. "This move is a step towards expanding our mobile software services capabilities as Intel continues to grow in the area of software and services. We are all very excited to have such knowledgeable and respected experts join the company," he wrote.
"Telmap isn't just a great consumer service provider - with Telmap we can directly provide developers with location-based services spanning devices, operating systems and CPU architectures," Biddle added.
The chipmaker recently unveiled a joint collaboration with Google to develop smartphone processors for the Google Android operating system (OS).
The joint effort is designed to speed time-to-market of Intel technology-based smartphones running the Android platform.