Chip big Intel has acquired the engineering staff of Hyderabad, India-based Ineda Techniques for an undisclosed quantity. The chipmaker is planning to make use of the staff for the event for discrete GPU chips. Intel had revealed in early-2018 that it was re-entering the discrete graphics market and will likely be formally introducing their new discrete GPU in 2020 to tackle the likes of Nvidia and AMD within the section. The Ineda acqui-hire will assist the Santa Clara, California-based firm in shortly ramping up the GPU staff.
“Intel acquired engineering assets from Ineda Techniques, a silicon and platform providers supplier based mostly in Hyderabad,” an Intel spokesperson stated confirming the deal. “This transaction supplies Intel with an skilled SoC staff to assist construct a world-class discrete GPU enterprise.”
Established by 2011 by Balaji Kanigicherla, Ineda Techniques develops low-power SoCs for shopper in addition to enterprise programs, primarily in wearables and IoT segments. Moreover, the corporate is engaged on synthetic intelligence (AI) powered self-driving system that features the corporate’s personal silicon.
The monetary particulars of the Intel-Ineda Techniques deal are unclear in the meanwhile. In response to CrunchBase information, Ineda had raised $43.three million (roughly Rs. 309 crores) until date in 4 funding rounds. A few of the distinguished buyers within the firm embody Cisco, Walden Riverwood Ventures, Qualcomm Ventures, in addition to Samsung Technique and Innovation Middle.
In response to a report in VcCircle, Ineda staff will be part of Intel, however the firm will live on as a separate entity.
Earlier, Intel had employed AMD’s Raja Koduri to guide the Core and Visible Computing group that’s tasked with creating the discrete GPU. In December 2018, the corporate supplied the primary glimpse on the upcoming discrete GPU chips, which can carry the XE branding.