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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intel Corporation | NASDAQ:INTC | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.40 | 1.31% | 30.91 | 30.50 | 31.07 | 31.055 | 30.70 | 30.98 | 36,789,464 | 05:00:11 |
From May 2019 to May 2024
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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