Intel (INTC) to Acquire InfiniBand Assets from Qlogic (QLGC)
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Intel Corporation (Nasdaq: INTC) announced that it has entered into a definitive agreement with Qlogic (Nasdaq: QLGC) to acquire the product lines of and certain assets related to its InfiniBand business. A significant number of the employees associated with this business are expected to accept offers to join Intel.
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. An ExaFLOP/s is a quintillion computer operations per second, a hundred times more than today’s fastest supercomputers.
The deal is expected to close by the end of the current quarter pending customary closing conditions being met.
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. An ExaFLOP/s is a quintillion computer operations per second, a hundred times more than today’s fastest supercomputers.
The deal is expected to close by the end of the current quarter pending customary closing conditions being met.
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