Intel buys Hyderabad semiconductor startup to make GPU chips

American chipmaker Intel has acquihired Hyderabad-based semiconductor startup Ineda Systems for an undisclosed amount. Around 100 engineers from the startup will join Intel to "help build a world-class discrete GPU (Graphics Processing Unit) business". Founded in 2010, Ineda has raised around $60 million cumulatively from investors including Qualcomm Ventures, Samsung Catalyst Fund among others.