By Sufia Tippu, EETimes
February 19, 2019
BENGALURU, India — Intel, which has been aggressively scouting around in India and Asia for new technologies, has acquired Ineda Systems, a fabless chip company based in Hyderabad, India. Financial terms of the deal have not been disclosed.
According to a report in The Times of India, the all-cash deal sealed last week is more in the nature of an "acquihire" — a transaction in which a company is acquired mainly for the skill sets of its workforce rather than products or services