Intel Buying Computer Vision Processor-maker Movidius For Undisclosed Amount

Intel Corp. announced late Monday that it is buying Movidius, an eight-year-old chipmaker that creates the computer vision processors used in drones and virtual reality devices, as well as other products. Financial details for the deal, which the firms expect to close later this year, were not released. Movidius has secured deals with Lenovo, DJI and Google. Its latest chip, the Myriad 2, can make sense of multiple video streams at once. Intel said it hopes to pair Movidius' technology with its own RealSense depth-sensing camera technology.

Copyright © 2016 MarketWatch, Inc.