When you're as big as Intel, you can afford to make high profile acquisitions one after the another, and that's what the Santa Clara chip maker is doing. Some are bigger than others, such as scooping up McAfee for a cool $7.7 billion, as opposed to purchasing an Egyptian software company for presumably a lot less. Now Intel has inked yet another deal, acquiring Silicon Hive, which Intel contracted with last year to provide parallel processing tools for its Atom processors.
Silicon Hive's roots trace back to Philips Electronics, which spun-out the company to commercialize parallel processing technology for semiconductor Systems-on-Chip (SoC). Silicon Hive then became an independent, venture-backed company with funding from New Venture Partners, which structured this latest transaction.
"New Venture Partners and Intel Capital never shied away from the heavy lifting involved in making Silicon Hive the success it is today," said Atul Sinha, CEO of Silicon Hive. "It has been a great pleasure partnering with New Venture Partners and Intel Capital. They’ve been with us from the early stages, and have been strategic advisers on our product and business development along the way. We now target phenomenal successes inside Intel in the delivery of differentiated multimedia experiences in Atom-processor based SoCs."
Details of the transaction were not disclosed, nor has Intel announced the deal yet.