Intel Buys System-on-Chip Company NetSpeed Systems
September 10 2018 - 4:33PM
Dow Jones News
By Josh Beckerman
Intel Corp. (INTC) has acquired NetSpeed Systems Inc., a
system-on-chip technology company that had received financing from
Intel's venture arm.
Intel said Monday that NetSpeed co-founder and Chief Executive
Sundari Mitra will lead the NetSpeed team as an Intel vice
president.
San Jose-based NetSpeed closed a $10 million Series C round in
2016 led by Intel Capital with participation from SK Hynix Inc.
(000660.SE) and Walden-Riverwood Ventures.
Terms of the acquisition weren't disclosed.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 10, 2018 16:18 ET (20:18 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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