Microsoft Acquired Fungible Having Raised $320 Million

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Microsoft paid $190 million to buy a data center hardware maker that had raised $134 million more than that
Microsoft Corp. has reportedly scooped up a Santa Clara maker of data center chips and storage devices for a relative bargain. The software giant paid $190 million for Fungible Inc., according to industry news site Blocks & Files and the SemiAnalysis newsletter. The deal came after Fungible tried and failed to raise funding and attempted to sell itself to Meta Platforms Inc., analyst Dylan Patel, who broke the story on Monday for SemiAnalysis, told Blocks & Files.