Intel Buys Indian SoC Designer Ineda Systems

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

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