Intel Buys Silicon Hive

Semiconductor company, Intel, has acquired New Venture Partners’ portfolio company, Silicon Hive.

Semiconductor company, Intel, has acquired New Venture Partners’ portfolio company, Silicon Hive. The financial details of the transaction have not been disclosed. Silicon Hive, which was spun out from Philips Electronics in 2007, specializes in parallel processing technology used in semiconductor Systems-on-Chip. New Venture Partners, with initial participation from TVM Capital, led the Series A investment in Silicon Hive.

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