The deal has been described as "acqui-hire", in that Intel is purchasing Ineda resources, specifically staff, for their skills rather than the products or IP the company has developed.
"Intel acquired engineering resources from Ineda Systems, a silicon and platform services provider based in Hyderabad. This transaction provides Intel with an experienced SOC team to help build a world-class discrete GPU business," The Times of India quotes an Intel spokesperson as saying.
Intel has a few hundred engineers engaged in software development in Hyderabad but has pledged to create a global technology hub that will initially deploy 1,500 people. As such Intel could be trying to jump-start its employment for that facility.
Ineda was founded by leading Indian semiconductor veteran Dasaradha Gude in 2010 with a view to developing processors for IoT applications. The company received funding from Samsung, Qualcomm and Imagination Technologies Group plc amongst others and achieved a design win in Samsung's Artik-1 board intended for use in sensor hubs and wireless beacons.
It is not clear whether Ineda will continue or a company formed to take forward its remaining interests.
Gude told BusinessLine that: "A part of the team, intellectual property is still with us. The firm is into research and development of automotive solutions and Internet of Things (IoT). There is a huge scope for R&D in the automotive and IoT space,” he said.
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