The acquisition is anticipated to be completed in the third quarter of 2018, after customary closing conditions are met.
The hope is that this will provide customers with more choice, faster time-to-market and lower development costs.
Intel believes that having a structured ASICs offering will help it better address high-performance and power-constrained applications that it sees many of its customers challenged with in market segments like 4G and 5G wireless, networking and IoT.
It also hopes to provide a low-cost, automated conversion process from FPGAs (including competing FPGAs) to structured ASICs.
Longer term, Intel has said it sees opportunity to architect a new class of programmable chip that takes advantage of Intel’s Embedded Multi-Die Interconnect Bridge (EMIB) technology to combine Intel FPGAs with structured ASICs in a system in package solution.
