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Intel agrees to acqiure InfiniBand assets for $125m-Report
TT Correspondent |  |  25 Jan 2012

Chipmaker Intel Corp said it has agreed to buy networking products maker QLogic Corp's InfiniBand assets for $125 million in cash to strengthen its networking and high-performance computing capabilities. 

According to a Times of India repo, the deal is expected to close within the current quarter. 

"This acquisition is designed to enhance Intel's networking portfolio and provide scalable high-performance computing fabric technology," Intel said in a statement. 

Intel said it expects a significant number of InfiniBand employees to join it. 

QLogic said it expects the deal's impact on earnings per share to be neutral.

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25 Jan 2012(IST)  
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