The world’s largest silicon chip making company, Intel, has announced plans to acquire Altera Corporation.
Altera, a competing chip maker to Intel, has been bought for a total price of $16.7bn, making it the largest ever acquisition in Intel’s history. The company has agreed to buy Altera at a cost of $54 per share, significantly above the market price. Altera is a manufacturer of small and specialised chipsets for devices like…
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