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
Consumer electronics juggernaut Apple (AAPL) is fanning out into new markets, including its recently unveiled smart watch and a rumored car project, leaving its top suppliers to contemplate their next moves as well. Apple has been a mainstay on the IBD 50 list of top-rated stocks along with three of its key suppliers: radio-frequency chipmaker Avago Technologies (AVGO), smartphone and power management chipmaker Skyworks Solutions (SWKS), and
Chipmakers had another big week. Highly rated Apple (AAPL) chip suppliers NXP Semiconductors (NXPI) and Avago Technologies (AVGO) were the newest breakouts in the group. Other breakouts in recent weeks have come from Apple suppliers Skyworks Solutions (SWKS) and Qorvo (QRVO), as well as Integrated Device Technology (IDTI). This is a hot group right now, so will there be more breakouts soon? Here are five highly rated chip stocks building bases: