Intel Corp. INTC, +1.67% is getting a “strong technical boost” with its recently announced acquisition of Barefoot Networks, according to Wells Fargo’s Aaron Rakers. The chipmaker announced the deal for Barefoot, which specializes in Ethernet switch silicon and software, late on Monday, though the company didn’t disclose monetary terms. “This acquisition represents another example of the semiconductor industry’s ongoing push into programmable network silicon as workloads grow heavier and more complex,” Rakers wrote. Intel shares are up 0.9% in premarket trading Tuesday, but they’ve dropped 0.3% so far this year as the Dow Jones Industrial Average DJIA, +0.30% has increased 12%.