Advertisment

Intel acquires US co. with Bangalore subsidiary

author-image
CIOL Bureau
Updated On
New Update

BANGALORE: Microprocessor giant Intel Corporation has made its first acquisition in the Asia Pacific region, albeit indirectly, with an all cash deal of privately held Thinkit Technologies, Inc. The agreement includes the acquisition of Software & Silicon Systems Pvt., Ltd., Thinkit’s wholly owned subsidiary based in Bangalore, India, a release said here.



The Thinkit acquisition adds to Intel’s design capabilities for advanced communications silicon on a worldwide basis. The purchase also marks the 11th networking and communications related acquisition announced by Intel since January 1999. Terms of the all-cash transaction were not disclosed.



Upon completion of the acquisition, Thinkit will become a wholly owned subsidiary of Intel, reporting within Intel's Network Communications Group. Thinkit Technologies specializes in advanced design for chips used in networking and communications products such as switches and routers. The Bangalore-based Software & Silicon Systems group currently designs communications silicon for Intel’s Level One Communications subsidiary. When the acquisition is completed, Intel will operate communications chip design facilities at more than a dozen sites worldwide.



"The acquisition of Thinkit further expands the worldwide reach of Intel’s silicon design capabilities for networking and communications," said Mark Christensen, vice president and general manager, Intel Network Communications Group. "Adding this new silicon design expertise provides Intel with additional resources for advancing the Intel Internet Exchange architecture. This, in turn, will help enable networking and communications systems companies to build faster, more intelligent networks."



"Chips for networking and communication infrastructure are pushing the edge of silicon technology and tools," said Sridhar Mathani, ThinkitT Technologies president and managing director of the Software & Silicon Systems subsidiary. "Our expertise in designing multimillion gate communication chips coupled with Intel’s market segment focus will speed time-to-market and provide Intel’s customers with high performance, cost effective and adaptable solutions."

tech-news