Intel to buy Altera in nearly $17B cash deal - USA TODAY
Intel to buy Altera in nearly $17B cash deal Intel said it will buy fellow chip maker Altera for $54 a share in an all-cash transaction valued at approximately $16. 7 billion that will allow it to expand behind chips for personal computers into... ly/1HGGQSq Intel (INTC) said it will buy fellow chip maker Altera (ALTR) for $54 a share in an all-cash transaction valued at approximately $16. 7 billion that will allow it to expand behind chips for personal computers into chips for smart cars... Altera makes programmable chips, or chips that can be configured by customers after they buy them. These programmable chips are increasingly being used in data centers for cloud computing — a business line that's been profitable for Intel as more people store data online. Intel also expects the programable chips to be an area of growth in an emerging market known as Internet of Things, or IoT, which connects clothes, cars and other everyday items to the Internet. "Whether to enable new growth in the network, large cloud data centers or IoT segments, our customers expect better performance at lower costs. The benefit to Altera's chips is that they can be designed much more quickly than Intel's processors, the vast majority of which are found in PCs and servers, says Richard Doherty, research director of The Envisioneering Group, a technology... Source: www.usatoday.com
