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Intel announced today it is to acquire the InfiniBand networking business from QLogic for $125 million in cash.

The acquisition is a bid by Intel to increase its share of the high-performance computing market. Infiniband is a fabric technology, or one that can connect speedy computers and other devices such as storage inside high-performance data centers.

QLogic said the deal will help it focus on growth opportunities in the data center, including enterprise Ethernet and storage area networking.

Intel said the deal is expected to close within the current quarter. The world’s biggest chip maker said,“This acquisition is designed to enhance Intel’s networking portfolio and provide scalable high-performance computing fabric technology.”

A significant number of the Infiniband employees will join Intel.

Meanwhile in other news, Intel said President Obama, after the State of the Union address, will travel to Phoenix on Jan. 25 to deliver remarks at Intel’s Ocotillo campus in Chandler, Ariz. He will make remarks at Intel’s vast manufacturing plant there. Obama visited Intel’s Oregon site last year, when Intel announced plans to build a $5 billion chip factory there.

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