Intel acquires eASIC to take its chipsets deeper into IoT and other future technologies

Intel acquires eASIC to take its chipsets deeper into IoT and other future technologies

6 years ago
Anonymous $TjsaxHwAP-

https://techcrunch.com/2018/07/12/intel-acquires-easic-to-take-its-chipsets-deeper-into-iot-and-other-next-generation-computing/

In the wake of Broadcom failing to complete its takeover of Qualcomm, Intel is buying another chip company as it works on adjusting its own its business to fit the next generation of computing. Today, the company is announcing that it is acquiring eASIC, a fabless semiconductor company that makes customisable eASIC chips for use in wireless and cloud environments.

Financial terms of the deal are not being disclosed, as the price paid will not be material to Intel. eASIC has 120 employees, was founded in 1999 and has counted Khosla, Kleiner Perkins and Seagate among its investors, raising $149 million in total. It had been recapitalised in 2012 and so, in its last round, in November 2017, it was valued at around $110 million post-money, according to PitchBook, to give you a basic idea of a possible pricing ballpark.