Intel Corporation (NASDAQ: INTC) acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center, for approximately $2 billion.
The acquisition strengthens the chip maker’s artificial intelligence (AI) portfolio and accelerates its efforts in the AI silicon market, which Intel expects to be greater than $25 billion by 2024. Together, the two companies can accelerate the delivery of AI products for the data center, addressing customers’ evolving needs.
Habana will remain an independent business unit and will continue to be led by its current management team. They will report to Intel’s Data Platforms Group, home to Intel’s broad portfolio of data center class AI technologies.
This combination gives Habana access to Intel AI capabilities, including resources built over the last three years with deep expertise in AI software, algorithms and research that will help Habana scale and accelerate.
Habana chairman Avigdor Willenz has agreed to serve as a senior adviser to the business unit as well as to Intel. Habana will continue to be based in Israel led by David Dahan, CEO.
Habana’s AI products include Gaudi AI Training Processor, which is currently sampling with select hyperscale customers and Goya AI Inference Processor, which is commercially available.
Prior to this transaction, Intel Capital was an investor in the company.