From ComputerWorld: Cisco Systems is buying chip expertise that could help it in the data center.
The networking giant's latest acquisition target is Leaba Semiconductor, a fabless semiconductor company based in Israel.
The company is "in stealth mode," according to its website, which indicates only that it develops semiconductors to address "significant infrastructure challenges."
Cisco had little more to say concerning Leaba's field of work in its blog post about the acquisition by Rob Salvagno, head of its mergers, acquisitions and venture investment team.
However, according to information provided by Israel's Ministry of Economy, Leaba specializes in the design of chips for connecting memory, storage and compute in data center environments.
Cisco will pay $320 million in cash and equity for the young company, and plans to incorporate it into its own engineering team, reporting to its Core Hardware Group, led by Senior Vice President Ravi Cherukuri.
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