Intel acquires NetSpeed Systems for chip design

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Intel has acquired NetSpeed Systems, a California-based provider of system-on-chip design tools and interconnect fabric intellectual property. Deal terms have not been disclosed.

The idea is that NetSpeed’s configurable and synthesisable offerings will help Intel more quickly and cost-effectively design, develop and test new SoCs with an ever-increasing set of IP.

The NetSpeed team is joining Intel’s Silicon Engineering Group (SEG) led by Jim Keller. NetSpeed co-founder and CEO, Sundari Mitra, will continue to lead her team as an Intel vice president reporting to Keller.

“Intel is designing more products with more specialised features than ever before, which is incredibly exciting for Intel architects and for our customers,” said Jim Keller, senior vice president and general manager of the Silicon Engineering Group at Intel. “The challenge is synthesising a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed’s proven network-on-chip technology addresses this challenge, and we’re excited to now have their IP and expertise in-house.”

Intel expects to honour NetSpeed’s existing customer contracts, but NetSpeed will become an internal asset going forward.