The Times of India reports that Intel corporation acquired the Indian chip design startup Ineda Systems in an "all cash deal sealed last week" for an undisclosed amount. While Ineda seemingly specializes in low-power IoT hardware and autonomous driving technology, chipzilla is said to be more interested in the startup's GPU making talent. On their IoT page, Ineda does advertise several technologies that Intel's rapidly growing graphics division might be interested in, such as I/O Virtualization, a "secure and highly efficient inter-processor communication infrastructure using CPU Link services," and architectural designs that can "improving the power consumption by an order of magnitude" when compared to traditional IoT processors. Ineda Systems founder Dasaradha Gude confirmed the development, but refused to divulge any details. When TOI reached out to Intel, officials confirmed the deal but they too declined to disclose transaction details. "Intel acquired engineering resources from Ineda Systems, a silicon and platform services provider based in Hyderabad. This transaction provides Intel with an experienced SOC (system on chip) team to help build a world-class discrete GPU business," an Intel spokesperson told TOI.