Intel Acquires Habana Labs for About $2 Billion
December 16 2019 - 9:47AM
Dow Jones News
By Michael Dabaie
Intel Corp. (INTC) said it acquired Habana Labs, an Israel-based
artificial intelligence chipmaker, for about $2 billion.
Intel said the deal strengthens its artificial intelligence
portfolio and boosts its efforts in the AI silicon market.
Habana will remain an independent business unit and will
continue to be led by its current management team and be based in
Israel, Intel said. Habana will report to Intel's Data Platforms
Group, home to Intel's portfolio of data center class AI
technologies.
Habana Chairman Avigdor Willenz will be senior adviser to the
business unit and to Intel.
Prior to the deal, Intel Capital was an investor in Habana.
Habana said in November it secured $75 million in an oversubscribed
series B funding, led by Intel Capital.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
December 16, 2019 09:32 ET (14:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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