Looking Toward the Internet of Things, Intel Buys Programmable Chip-Maker Altera for $16.7 Billion

Intel (Photo: Paul Sakuma, AP)
Intel (Photo: Paul Sakuma, AP)

Intel said it will buy fellow chip maker Altera for $54 a share in an all-cash transaction valued at approximately $16.7 billion.

Altera makes programable chips, or chips that can be configured by customers after they buy them. These programmable chips are commonly used in cellular base stations. But they are also beginning to be used in data centers for cloud computing — an area of growth as people increasingly store and grab data online.

Intel also expects them to be used in clothes and household items, another growth area known as Internet of Things, or IoT.

“With this acquisition, we will harness the power of Moore’s Law to make the next generation of solutions not just better, but able to do more, said Brian Krzanich, CEO of Intel. “Whether to enable new growth in the network, large cloud data centers or IoT segments, our customers expect better performance at lower costs,” he said.

Click here to continue reading…

SOURCE:  Kaja Whitehouse
USA Today

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s