General News

Intel acquires Altera for $16.7 Billion; Avago acquires Broadcom for $37 Billion

Leading Chip maker, Intel has announced it is acquiring Altera, another maker of programmable chips in a $16.7 Billion deal ($54 per share in an all-cash transaction).  Intel sees Altera’s low-power chips such as field-programmable gate array (FPGA) as reprogrammable and the company would explore the avenue of editing ans customising them for different functions. […]