Intel is buying Wind River Systems in a USD884m deal aimed at expanding Intel’s processor and software presence outside the PC and server segments.
The acquisition, Intel’s biggest in nearly a decade, will bring the company software capabilities in embedded systems and mobile devices. Intel is hoping to expand into these markets in an attempt to lessen its reliance on chips for PCs and servers, which are prone to big swings in customer spending.
Under the agreement, Wind River will become Intel’s wholly-owned subsidiary and a part of Intel’s Software and Services Group, while continuing with its current business model.
