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US chip manufacturer Intel (NYSE: INTC) has signed a definitive agreement to acquire California-based fabless semiconductor company Fulcrum Microsystems for an undisclosed amount, the companies announced in a statement.
The agreement, expected to close in the third quarter of 2011, is subject to approval from Fulcrum shareholders and regulators.
"Fulcrum Microsystems' switch silicon, already recognized for high performance and low latency, complements Intel's processors and ethernet controllers, and will deliver our customers new levels of performance and energy efficiency, while improving their economics of cloud service delivery," said Kirk Skaugen, Intel VP and general manager for the Data Center Group.
As demand for data continues to increase, the acquisition will fulfill Intel's strategy to deliver comprehensive data center building blocks, from server processors and technologies to storage and networking.
Fulcrum will help Intel address the growing need for high-performance, low-latency network switches to support evolving cloud architectures and the growth of converged networks in the enterprise segment, the statement said.
Founded in 1999, Fulcrum is a privately held company that designs ethernet switch silicon for data center network providers.