NEW YORK, USA: Chipmaker Intel Corp said it has agreed to buy networking products maker QLogic Corp's InfiniBand assets for $125 million in cash.

This acquisition is designed to enhance Intel’s networking portfolio and provide scalable high-performance computing (HPC) fabric technology as well as support the company’s vision of innovating on fabric architectures to achieve ExaFLOP/s performance by 2018.

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Intel said the deal is expected to close within the current quarter and it expects a significant number of InfiniBand employees to join it.

“At the International Supercomputing Conference 2011, Intel unveiled a bold vision to redefine HPC performance and break the Exascale barrier by 2018,” said Kirk Skaugen, vice president and general manager of Intel’s Data Center and Connected System Group. “The technology and expertise from QLogic provide important assets to provide the scalable system fabric needed to execute on this vision. Adding QLogic’s InfiniBand product line to our networking portfolio will bring increased options and exceptional value to our datacenter customers.”