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Intel pays $650 million for network chip firm

2014-08-15 02:00:00| Total Telecom industry news

Avago offloads Axxia Networking Business, its second divestment since LSI acquisition.

Tags: network million firm pays

 

Intel to buy LSI's Axxia networking business

2014-08-14 08:48:00| Telecompaper Headlines

(Telecompaper) Avago Technologies and Intel announced the signing of a definitive agreement for Intel to acquire LSI's Axxia Networking Business and related assets for USD 650 million in cash. Adding the Axxia Networking Business capabilities to Intel's portfolio will help accelerate the company's strategy to become one of the leaders in platform products for network infrastructure. With its product portfolio, Intel aims to help operators create a more efficient, scalable and flexible network to keep up with future bandwidth demands while also allowing for fast provisioning of new services. LSI's Axxia Networking Business is being divested following Avago's recent completion of the acquisition of LSI. The Axxia Networking Business generated revenues of USD 113 million in calendar 2013 and employs approximately 650 people. 

Tags: business buy networking intel

 
 

Intel buying Avago network processor unit for $650M

2014-08-14 06:03:21| Agriculture - Topix.net

Intel is buying Avago's Axxia network processor unit for $650M in cash. The deal is expected to close in Q4.

Tags: network unit buying intel

 

Looks like HP's next Chromebook 11 is dropping the ARM chip for an Intel Celeron

2014-08-14 05:13:28| Wireless - Topix.net

HP just refreshed its Chromebook 11 back in May but it was more of a downgrade than anything else.

Tags: the arm intel chip

 

Intel to invest $100B on manufacturing in Oregon

2014-08-12 16:42:19| Agriculture - Topix.net

Construction of the $3 billion D1X research fab at Intel Corp's Ronler Acres campus in Hillsboro, Ore., is continuing.

Tags: manufacturing oregon intel invest

 

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