Intel wants to buy Israeli AI chip maker Habana Labs

Posted on Wednesday, Dec 04 2019 @ 13:01 CET by Thomas De Maesschalck
INTC
Word is going around that Intel has set its sights on Habana Labs, an Israel-based developed of artificial intelligence chips. Calcalist Tech heard from a confidential source that Intel is offering between $1 billion and $2 billion for the company.
Founded in 2016, Habana Labs develops processors optimized for artificial intelligence applications. The company was founded by David Dahan and Ran Halutz, both former executives at PrimeSense Limited, acquired by Apple for $360 million in 2013. Habana raised $120 million to date, $75 million of the sum in a November 2018 round led by Intel Capital. Other investors include San Francisco-based WRV Capital, Bessemer Venture Partners, and Battery Ventures.
If a deal can be reached, it will be the chip giant's second-largest deal in the country. Two years ago, Intel bought self-driving car tech firm Mobileye for $15.3 billion. In total, Intel employs over 13,000 workers in Israel.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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