Intel shuts down Israel’s Replay Technologies


0


Intel closed its sports division, which was based on the 2016 acquisition of the Israeli company Replay Technologies. This afternoon, Intel Mobileye’s Jerusalem smart car division informed dozens of employees in the sports division of the decision to close the sports division. Some will be taken over by Mobileye but the fate of most of them is unknown. Replay has been an interesting game for Intel, and has served many international sports organizations including the International Olympic Committee, Major League Baseball (MLB), the National Football League (NFL) and the National Basketball League (NBL). At the recent Olympics, Replay was praised for its extensive deployment of cameras in the stadiums and gymnasium that filmed competitors from different angles and provided 3D graphics for diving and the world’s fastest runners. Perhaps Intel was waiting for the Olympics to end before announcing the shutdown of Replay. Related Articles Intel buys Israeli company Replay Technologies for $175 million, but Replay’s business model did not suit Intel. Why would a huge company that sells chips for billions need a company that sells software for a few million? The Replay purchase was designed to help Intel enter the VR chip segment but that segment has also been closed. Now Intel is in turmoil and current CEO Pat Gelsinger is shutting down everything that is not in Intel’s core operations. Intel said, “We are removing video of sports products from our portfolio in order to focus on advanced technologies that better support our core business and our new strategy. Our priority at the moment is to allow an easy transition period for potential buyers, employees, customers and our partners. This is not the first failed venture for a company Intel in Israel in 2005 acquired Oplus from Yokneam for $100 million Oplus was developing video processors for TV screens and home cinema systems Processors were developed for their time and dramatically improved resolution, zoom and contrast on Panasonic, LG and Barco screens.​ ​Acquisition design to introduce Intel into the home and smart home processor market but the market remained small and before the financial crisis broke out in 2008, Intel shut Oplus down.Among many other failed acquisitions by Intel, the Israeli digital signal processor company DSPC, which bought it in 1999 for $1.6 billion but sold to Marvell in 2006 for just $600 million.Replay employees will find work both inside and outside Intel because Their skills are required. But they should be wary of building a career in a field that is not part of one of Intel’s core sectors. Published by Globes, Israel business newsen.globes.co.il – August 19, 2021 Copyright Globes Publisher Itonut (1983) Ltd. 2021


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Mitchel

0 Comments

Your email address will not be published. Required fields are marked *