Tuesday, 22 August 2017

Chip maker consolidation continues as Intel pays $16.7bn for Altera

By Mary Lennighan, Total Telecom, in Singapore
Tuesday 02 June 15

Deal will enable companies to develop new products in IoT, data centre markets, Intel says.

Intel on Monday announced a US$54-per-share offer for fellow chip maker Altera, in an all-cash deal that values the company at around $16.7 billion. The combined company will be able to compete better and create new products in the Internet of Things (IoT) and data centre markets…

Intel on Monday announced a US$54-per-share offer for fellow chip maker Altera, in an all-cash deal that values the company at around $16.7 billion. The combined company will be able to compete better and create new products in the Internet of Things (IoT) and data centre markets…

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