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Intel (INTC) needs to hit a home run with its Altera acquisition, says a Morgan Stanley semiconductor M&A report, which adds that deals focused on cost savings and profit margins have proved the most successful for chipmakers. Morgan Stanley analyst Joseph Moore says chip industry consolidation appears to be “in the middle innings,” with more acquisitions to come. Moore views Qualcomm (QCOM), Texas Instruments (TXN), Micron Technology (MU) and Scalper1 News
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