Hyderabad based start-up 'Ineda Systems' acquired by Intel
One of the world’s largest and highest valued semiconductor chip maker, Intel has taken over Ineda, a small semiconductor start-up company in Hyderabad. This move by Intel comes amidst its efforts for looking out for new technology and skilled talent.
Ineda Systems (pronounced "E-ne-da") is a start-up company that was created by industry veterans from US and India with an ultimate goal of becoming a leader in developing low power SOCs for the use in both consumer and enterprise applications. The advisory and management team has world-class experience of working in both blue chip companies as well as fast-paced technology start-ups. Ineda's expertise is in the area of low-power SOC/IP development, architecture, and software that is necessary to design silicon & systems that would be of use in future applications.
Ineda has been hired by Intel not for the services it provides or products it offers but rather on the basis of skill set its employees has. According to sources, Intel has acquired around 100 engineers of Ineda for their skills in graphics.
An Intel spokesperson said that “Intel acquired engineering resources from Ineda Systems, a silicon and platform services provider based in Hyderabad. This transaction provides Intel with an experienced SOC (system on chip) team to help build a world-class discrete GPU business".
As per the announcement made by then, IT minister KT Rama Rao’s office in Nov 2018, Intel is also expected to set up an global technology centre in Hyderabad .