Summary:
According to sources, Intel has acquired around 100 engineers of Ineda for their skills in graphics, an area where the US giant has chalked out ambitious plans. When TOI reached out to Intel, officials confirmed the deal but they too declined to disclose transaction details.“Intel acquired engineering resources from Ineda Systems, a silicon and platform services provider based in Hyderabad. It is learnt that Intel will also be acquiring the leased Ineda Systems office in Kondapur, located near Google, which currently houses the engineering talent acquired.Ineda Systems founder Dasaradha Gude confirmed the development, but refused to divulge any details. Gude, who founded Ineda after he quit as AMD India managing director, remained an investor in Ineda though he went on to set up Invecas in 2014 and regained 100% stake in Ineda in Nov 2018. This transaction provides Intel with an experienced SOC (system on chip) team to help build a world-class discrete GPU business,” an Intel spokesperson told TOI.Ineda Systems, which was set up in 2010-11 by Hyderabad based serial entrepreneur Dasaradha Gude, operates in the sphere of autonomous driving, artificial intelligence and IoT..