Intel Corporation Makes Large Investment in Big Data Startup Cloudera (INTC)

On Thursday, Intel Corp (INTC) announced that it has made a “significant equity investment” in Cloudera, a Big Data startup.

Chipmaker Intel is now Cloudera’s largest shareholder, though Intel did not give details on the exact amount of its investment. Falling PC sales have affected Intel’s chip sales, and the company’s investment in Cloudera is seen as a way for Intel to diversify its business. The deal announced today will see Intel’s Xeon technology join with Cloudera’s enterprise analytic data management software, which is powered by Apache Hadoop.

Intel’s VP and general manager of the company’s data center group, Diane Bryant, had the following comments about the deal: "By aligning the Cloudera and Intel roadmaps, we are creating the platform of choice for big data analytics. We expect to accelerate industry adoption of the Hadoop data platform and enable companies to mine their data for insights that inform the business. This collaboration spans our data center technology from compute to network, security and storage, and extends to our initiatives for the Internet of Things."

Intel stock closed the day down slightly, losing 7 cents, or 0.26%, but it was moving higher in after hours trading. YTD, the company’s stock is down 1.59%.

INTC Dividend Snapshot

As of market close on March 27, 2014

Click here to see the complete history of INTC dividends.