Thursday, July 12, 2018

Intel Acquires eASIC

Santa Clara-based Intel announced on Thursday that it has acquired eASIC, a developer of programmable Application Specific Integrated Circuit (ASIC) hardware. Financial details of the deal wre not announced. According to Intel, the deal will add "structured" ASICs, technology which sits in between the speed of ASIC hardware, and the flexibility of field programmable gate array (FPGA). eASIC will become part of Intel's Progrmamable Solutions Group. eASIC was backed by Khosla Ventures, Crescendo Ventures, Seagate Technology, Kleiner Perkins Caufield & Byers, Evergreen, and Advanced Equities, among others. eASIC had filed for an IPO back in February of 2015, but withdrew that IPO paperwork in November of 215.