Intel Hires Former Marvell Exec to Push Into ASIC Market

Intel has hired former Marvell executive Dean Jarnac to strengthen its position in the custom ASIC chip market. According to analyst Jack Gold, the company aims to leverage his experience to secure contracts. Intel CFO David Zinsner said the ASIC business is approaching a $2 billion annual run rate with potential to reach $4 billion.

• Intel hired former Marvell executive Dean Jarnac to grow its ASIC business
• Intel's ASIC business is approaching a $2 billion annual run rate
• CFO David Zinsner said it could reach $4 billion in the near future
• In July Intel signed a deal with Fortinet to design a firewall security chip