– This is the script of CNBC's news report for China's CCTV on September 7, Wednesday.
Welcome to CNBC Business Daily, I'm Qian Chen.
U.S. semiconductor giant Intel is to acquire Movidius, a company that creates so-called "computer vision" chips which will play a key role in technologies from virtual reality (VR) to driverless cars, the company announced Tuesday.
Movidius makes processors that use artificial intelligence to assess the world around them. The company is already working with Chinese dronemaker DJI with its tech implemented in the Phantom 4 unmanned aircraft, giving it the ability to sense and avoid obstacles in real time and hover in a fixed position without the need for a GPS signal.
The technology could be critical in a number of emerging areas where the need to have human-like vision is necessary such as autonomous cars.
Movidus' chips are also low-powered, making them ideal for situations where battery life is key.
Intel did not disclose the price or terms of the deal.
The company has struggled in the smartphone space against rival Qualcomm, but this could help it take the lead in the latest technology trends, analysts said.
The leadership team at Intel might be determined not to repeat past mistakes, such as missing the smartphone opportunity.
Meanwhile, some other tech news --
General Electric launched bids on Tuesday to buy two of the world's top makers of machines for metal-based 3D printing - Sweden's Arcam and Germany's SLM Solutions - for a total $1.4 billion to bolster its position in the fast-growing technology.
3D printing has been used to build prototypes for decades but has become more widespread for industrial mass production in recent years, with uses including the production of dental crowns, medical implants and light aircraft parts.
While many of these emerging technologies are at an early stage and not widely commercialized, Intel and GE will be hoping these acquisition will help them become early leaders.
CNBC's Qian Chen, reporting from Singapore.