Intel announced its acquisition of the Italian company Yogitech, an expert in semiconductor functional safety. With this latest acquisition, the high-tech American giant aims to focus on improving functional safety of autonomous cars and other Internet of Things (IoT) systems.
According to Intel's newsroom announcement, functional safety (including Advanced Driver Assistance Systems or ADAS) is used today to enhance the safety of factory systems as well as transportation systems. ADAS is among the fastest-growing segments in automotive electronics.
Advanced Driver Assistance Systems paves the way for fully autonomous vehicles in the not-so-distant future by making features like assisted parking possible. Functional safety is becoming important for a wide range of IoT market opportunities, as IT systems increasingly merge with operational systems in vehicles, factories and buildings.
According to Intel's own estimates, by the year 2020 around 30 percent of the IoT market segment will require functional safety. This is the reason why the high-tech giant planned the acquisition of the Yogitech company based in Italy. The talented Italian team will join soon Intel's Internet of Things Group.
With this acquisition, Intel aims efforts to become a winner in autonomous machines, ADAS and robotics for market segments like automotive and other IoT systems requiring high performance and functional safety.
Nearly all of the autonomous vehicles on the market today incorporate Intel systems inside. All these Intel customers have functional safety as an essential requirement.
Yogitech works directly with other chipmaker companies like Infineon. According to Tech Crunch, with the acquisition of Yogitech Intel is ensuring that its own products in the market are staying fault-free and its processors running on various systems work as they should.
Yogitech was founded in 2000 and among its investors is included the chamber of commerce of Pisa. The company has raised less than $3 million and the terms of the deal with Intel were not disclosed.
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