QLogic (QLGC -0.1%) is selling its InfiniBand adapter card and switch business to Intel (INTC)...

|About: QLogic Corporation (QLGC)|By:, SA News Editor

QLogic (QLGC -0.1%) is selling its InfiniBand adapter card and switch business to Intel (INTC) for $125M in cash. The move allows QLogic to focus on its core Fibre Channel and FCoE storage networking businesses, and is the latest in a series of moves made by Intel to bolster its networking offerings (previously). InfiniBand chipmaker Mellanox (MLNX -5.4%) is selling off on the news.