For Intel CEO Brian Krzanich, his company’s $16.7 billion acquisition of programmable chipmaker Altera, finally made official early Monday, is “closely aligned” with Intel’s aggressive push into new growth markets. Integrating Altera’s (ALTR) field-programmable gate arrays will help Intel (INTC) sell more Xeon server chips to cloud-computing customers and also boost Intel’s offerings in the growing Internet of Things market, particularly in
After months of speculation, No. 1 semiconductor company Intel (INTC) announced early Monday that it has agreed to pay $54 a share, or $16.7 billion, for programmable chipmaker Altera (ALTR). In a joint Intel-Altera merger announcement, Intel said it expects the deal to add to its earnings per share in the first year after the deal closes, and that the acquisition is expected to be completed in six to nine months, following approval from
Intel (INTC) on Monday will announce a deal to buy Altera (ALTR) for nearly $17 billion, or about $54 a share, according to multiple reports, with the aim of reinforcing its dominance in server chips. That continues a recent run of semiconductor M&A, following last week’s $37 billion deal by Apple (AAPL) supplier Avago Technologies (AVGO) for Broadcom (BRCM). Intel-Altera deal buzz has waxed and waned since the Wall Street Journal reported talks