Intel to Buy Semiconductor Startup Movidius

Intel Corp. INTC 0.51 % said it would acquire Movidius, a maker of semiconductors for drones and other autonomous machines, a move that would bolster Intel's artificial intelligence portfolio amid its desire to become a bigger player in the space. Terms of the transaction weren't disclosed. The deal, subject to certain closing conditions, was announced in blog posts Monday. Movidius specializes in computer vision technology that allows machines to understand their surroundings and navigate accordingly. Intel said the acquisition would bring on new algorithms and low-power chips, technology that would accelerate its own initiatives.