Microsoft, an American multinational technology company, completed the acquisition of Fungible, a developer of a full-stack infrastructure software designed to leverage the standard components, protocols, and interfaces of data centers, for $190m. Fungible was an early developer of data processing units — chips customized for cloud data centers. But it failed to capitalize on its head start in the face of competition from companies including Intel, Nvidia, Marvell Technology and Pensando Systems. Fungible's sale to Microsoft comes four months after the former slashed its staff, including its entire software product team.