Feeds

Intel buys Giga AS for $1.25 billion

It's more of a Legover than a takeover

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

Further signs that Intel is deadly serious about being the future building block company for the Internet has emerged after the company said it has bought Danish company Giga AS for $1.25 billion in cash. Intel is putting together a massive Internet construct, using takeovers to help it create additional building blocks, which like Lego bricks will all fit together. That puts it further on course for attacking the market share of firms like Nortel, which yesterday made a similar acquisition. Giga, a subsidiary of NKT, makes high performance network chips for fibre optic communications. In particular, Giga makes 2.5 Gbps (OC-48) and 10Gbps (OC-192) products aimed at both telcos and large data comms customers. The optical networking products will tie in with Intel's Level One products, and are also components used in the xDSL and cable markets. Intel claimed that Giga is one of the leading suppliers of silicon for communications, shipping high frequency and mixed signal products to the market. When the acquisition is approved, Giga will become a wholly owned Intel subsidiary, in the embrace of its Level One business. Yesterday Nortel spent $3.25 billion using shares to buy optical networking company Xros, which also supplies OC-192 products. Last December, it spent a similar amount of cash on a startup company, Qtera. Cisco and Lucent too have spent money acquiring companies in the arena. ®

The essential guide to IT transformation

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.