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Intel (INTC) Stock Up, Acquires Movidius

NEW YORK (TheStreet) -- Shares of Intel (INTC) were increasing in mid-morning trading on Tuesday as the Santa Clara, CA-based chipmaker is buying the semiconductor startup Movidius.

Terms of the purchase, which was announced late Monday, were not disclosed.

A deal with the San Mateo, CA-based company would boost Intel's artificial intelligence portfolio as it looks to become a bigger player in that arena, the Wall Street Journal reports.

Movidius specializes in machines equipped with computer vision, which are capable of visually processing and understanding their surroundings...