Samsung Catalyst Fund, Qualcomm Ventures and Cisco Investments have exited the low-power chipmaker in an acquisition of undisclosed size by Intel.
Semiconductor and data technology provider Intel has purchased India-based microprocessor manufacturer Ineda Systems for an undisclosed sum, enabling corporates Samsung, Qualcomm and Cisco to exit, Times of India has reported.
Founded in 2010, Ineda Systems produces low-power SoCs (systems-on-a-chip) for use in consumer and enterprise-facing products. The chips were initially designed for the wearable device market but have since been applied to autonomous driving, artificial intelligence and internet-of-things technology.
Approximately 100 engineers will come over to Intel from Ineda once…
