Tencent, Google and Alibaba are all set to exit the network switch technology developer, which had raised $130m prior to agreeing to an acquisition by Intel.

Semiconductor and data technology producer Intel has agreed to buy Barefoot Networks, a US-based switching chips producer backed by corporates Alibaba, Tencent and Google, for an undisclosed amount. Founded in 2013, Barefoot Networks has developed silicon network switches that improve the speed and efficiency or moving, storing and processing data from connected devices. The chips…

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