Intel announced on Monday that it has acquired NetSpeed Systems to improve its chip design tools. The acquisition price has not been disclosed.

According to reports, NetSpeed Systems was founded in 2011 and is headquartered in San Jose, California. NetSpeed's primary business is to provide SoC designers with scalable, consistent, network-on-a-chip (NoC) intellectual property. NetSpeed's NoC tools automate SoC front-end design and produce programmable, comprehensive, high-performance, and efficient solutions. NetSpeed offers a highly configurable, comprehensive product that will help Intel design, develop and test new system-on-chip (SoC) faster and more economically in the future. It also helps Intel design, develop and test an all-in-one chip that can place a complete working system on a single silicon wafer.

In the future, Intel will comply with NetSpeed's existing customer contracts, but NetSpeed will become its internal assets. The NetSpeed team will join Intel's Silicon Engineering Group, led by Intel senior vice president and chip designer Jim Keller. NetSpeed co-founder and CEO Sundari Mitra will serve as Intel's vice president to continue to lead her team and report to Jim Keller.

"Intel is designing more products with more specialized features, which is very exciting for Intel architects and our customers. But the challenge we face is how to control the design time and cost, how to be more extensive Integrated IP blocks for optimal performance. NetSpeed's proven chip networking technology solves this challenge, and it's worth celebrating that we now have their intellectual property and expertise," said Intel Senior Vice President Keller.