Intel Corp. has signed a definitive agreement to acquire Fulcrum Microsystems, a fabless semiconductor company that designs Ethernet switch silicon for data center network providers.
Fulcrum Microsystems designs integrated, standards-based 10GbE and 40 Gigabit Ethernet (40GbE) switch silicon that have low latency and workload balancing capabilities while helping provide superior network speeds. Fulcrum Microsystems was founded in 1999 and is based in Calabasas, Calif.
Additional terms of the transaction were not disclosed.
The agreement is subject to the approval of Fulcrum Microsystems shareholders, regulatory approval and satisfaction of customary closing conditions. It is expected to close in the third quarter of 2011.