Intel to buy Israeli cloud service startup Granulate for $650M
JHVEPhoto/iStock Editorial via Getty Images                 

Intel (NASDAQ:INTC) is looking to buy Israeli startup Granulate for some $650M - Haaretz.

The deal is yet to be finalized.
Based in Tel Aviv, Israel, Granulate was founded in 2018 byÂ Asaf Ezra (CEO) and Tal Saiag (CTO). ItÂ helps companies reduce their cloud bills by optimizing computing resource utilization, without having to rewrite code.
Since the start of 2022, INTC shares have seen downside ofÂ 9%.
Also read: Intel, Micron, among CEOs to ask for more gov't funding, but it's not a 'silver bullet,' BofA says