Intel to Buy Some QLogic Networking Assets
Intel Corp. agreed to acquire QLogic Corp.’s InfiniBand business for $125 million in cash, giving it networking technology for the growing and competitive supercomputer market.
The deal also is seen benefiting Intel’s data-center operations, where revenue jumped 17 percent in 2011 and topped $10 billion for the first time. Kirk Skaugen, general manager of Intel’s data center and connected system group, said the technology will “bring increased options” to the company’s data-center customers.
