intcThe semiconductor chip maker Intel (NASDAQ:INTC) is planning to purchase a private semiconductor maker, Fulcrum Microsystems, as the demand for Ethernet networks are growing. The company is not ready to disclose the financial terms of the deal. Fulcrum develops 10 Gigabit Ethernet and 40 Gigabit Ethernet networks. Intel (NASDAQ:INTC) said in a statement, “This purchase will fulfill an important component in Intel (NASDAQ:INTC)’s strategy to deliver comprehensive data center building blocks, from server processors and technologies to storage and networking”. Intel Corp. (NASDAQ:INTC) shares are currently standing at 23.09.
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