Intel Buys Networking Assets from QLogic
Intel has purchased the InfiniBand networking assets from QLogic for $125 million. "This acquisition is designed to enhance Intel's networking portfolio and provide scalable high-performance computing fabric technology," the company said in a statement. Along with the networking technology business unit, Intel will also acquire a "significant" number of InfiniBand employees. The company expects the acquisition to close by the end of the quarter. Intel is hoping to become a major component supplier to smartphones and tablets.
Intel to Buy Lantiq to Further Internet of Things
Intel today said it has agreed to purchase Lantiq for an undisclosed sum. Lantiq, which is based in Germany, makes broadband and home connectivity equipment.
Intel to Trim 12,000 Employees and Refocus Chip Biz
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources.
Intel to Buy Altera for $16.7 Billion
Intel today said it has agreed to purchase Altera Corp. for $16.7 billion.
Intel to Merge Mobile and PC Chip Businesses
Intel plans to combine its mobile chip business with its PC chip business so it can make its mobile chips more competitive. Intel has struggled against competitors Qualcomm and Samsung when it comes to supplying processors for smartphones and tablets.