WASHINGTON: Intel said here the other day that it will acquire Altera for US$16.7 billion, accelerating a wave of consolidation in the semiconductor industry.
The world’s biggest chipmaker will pay US$54 per share in cash for Altera, which designs processors for phone networks, cars and other devices. The acquisition is the largest ever for Intel. Intel said the deal would boost its portfolio of chips for data centers and the Internet of Things, an emerging area of transactions that do not require human-to-human or human-to-computer contacts.
