Thursday, March 1, 2012
QLogic Completes Sale Of InfiniBand Assets To Intel
Aliso Viejo-based QLogic, the manufacturer of networking adapters, switches, and ASICS for the storage networking market, said last night that it has completed its sale of its InfiniBand product lines and assets to Intel Corporation. The deal was worth $125M in cash. QLogic had originally announced the sale on January 23rd. QLogic had entered the Infiniband market in 2006, when it paid $109M to acquire PathScale.