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 Debuts 5G Radios
Intel today announced a range of 5G modems for mobile devices that rely on various technologies to handle the transition from 4G to 5G. The XMM 8000 series will handle multi-mode operations on 600 MHz and mmWave band around the globe and will be ideal for PCs, phones, and fixed wireless 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 Cancels Several Phone Chips
Intel said it will discontinue a handful of processors meant for smartphones and tablets as it continues to shift its business toward more profitable products. In particular, Intel has cancelled plans to sell three of its SoFIA processor-baseband combination chips.