Ron Burgundy Posted June 1, 2015 Share Posted June 1, 2015 (Reuters) - Intel Corp agreed to buy Altera Corp for $16.7 billion as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centers. By combining with Altera, Intel will be able to bundle its processing chips with the smaller company's programmable chips, which are used, among other things, to speed up Web-searches. Intel said on Monday it would offer $54 per share in cash, a 10.5 percent premium to Altera's closing price on Friday. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.