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June 11 - 09:06
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Barefoot Networks to be acquired by Intel
Intel has reached an agreement to buy Barefoot Networks, which produces network switch silicon, systems and software. It is a signal that Intel is moving deeper into the enterprise cloud market. Barefoot's data centre interconnects technology will help Intel offer hyperscale cloud, meeting customer demand. Terms remain undisclosed but the transaction is expected to be finalised later this year.
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