Intel buys up Silicon Hive

Intel has acquired Silicon Hive, a specialist in parallel processing for semiconductor Systems-on-Chip (SoC), for an undisclosed sum.

The technology was spun out by Phillips back in 2007 to seek venture capitalist backing.

New Venture Partners got involved and Intel soon swooped in, pumping US$7 million of funding into the firm in February of 2008, through its capital investment arm.

The partnership didn’t end there, however, as the two companies collaborated in February of last year, with Intel incorporating its parallel processing technology into Atom-based mobile and embedded products.

Now, Silicon Hive has been fully brought into the fold.

“New Venture Partners and Intel Capital never shied away from the heavy lifting involved in making Silicon Hive the success it is today,” said Atul Sinha, chief executive (CEO) of the newly acquired company.

“They’ve been with us from the early stages, and have been strategic advisors on our product and business development along the way. We now target phenomenal successes inside Intel in the delivery of differentiated multimedia experiences in Atom-processor based SoCs.”

Intel did not return calls for additional comment.

This article originally appeared at itpro.co.uk