Chip Shot: Intel Capital Portfolio Company Acquisition Signals Opportunity in Semiconductor Investing
Intel Capital portfolio company Crossing Automation announced today that it is being acquired by Brooks Automation (NASDAQ: BRKS) for $63 million. Intel Capital invested in Crossing in 2005 and provided financial support and strategic and operational planning guidance to the company, which manufactures fab and tool automation equipment for the semiconductor market, enabling Crossing to achieve significant revenue and operating income growth
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