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  • Thursday, April 25, 2024

Intel Acquires Egyptian Firm

Intel has acquired “most of the assets of” Cairo-based SySDSoft, and hired about 100 of the firm’s electrical engineers and computer scientists.

According to Cisco, SySDSoft designs IP solutions in the software stack and physical layer domain and RF/analog circuits embedded in mobile platforms.

“The acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East, ” said Arvind Sodhani, president, Intel Capital and executive vice president, Intel. “The acquisition shows Intel’s continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool.”

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