Cisco – Leaba Semiconductor

Cisco Systems in March unveiled its plan to purchase networking chip designer Leaba Semiconductor for $320 million in cash and incentives.

Leaba is a fabless semiconductor company that provides innovative solutions for infrastructure challenges, according to their website. Leaba, a venture-backed company, will accelerate its innovation strategy and give products even more differentiation in the market, said Rob Salvango, Cisco's vice president of corporate business development, in a blog post.

"By combining Leaba's semiconductor expertise with the Cisco engineering team, we will accelerate our plans for Cisco's next-generation product portfolio and bring new capabilities to the market faster," Salvango wrote.