Intel Buys VC-backed Silicon Hive

Intel Corp. has acquired Silicon Hive, a developer of processing technology for semiconductor systems-on-chip. The company was spun out of Philips Electronics in 2007, and backed by venture capital investors New Venture Partners and TVM Capital. Financial terms of the deal were not released. New Venture Partners led the Series A investment in Silicon Hive with participation from TVM Capital.

North AmericaUSBriefs