Intel and Altera are talking again

Stefan Mileschin · 19th May 2015, 10:07

The chances of Intel engaging in a hostile takeover bid for Altera have lessened as reports emerged of a rapprochement between the two semiconductor companies.

Intel has been interested in buying Altera for some time, although its attempts to snap it up earlier this year came to nothing.

That led observers to speculate that Intel could launch a hostile bid for Altera.

But now, according to the New York Post, the two sides are sitting around the table in further discussions. The deal could mean Intel will buy Altera for as much as $13 billion.

Cash rich Intel wants Altera to fill a hole in its semiconductor line. Intel is seeing demand for its X86 microprocessors wane with the rise of smartphones and tablets, while Altera makes progrmmable chips that could play a part in the burgeoning automotive electronics industry.

http://www.techeye.net/chips/intel-a...-talking-again

19th May 2015, 10:07	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Intel and Altera are talking again The chances of Intel engaging in a hostile takeover bid for Altera have lessened as reports emerged of a rapprochement between the two semiconductor companies. Intel has been interested in buying Altera for some time, although its attempts to snap it up earlier this year came to nothing. That led observers to speculate that Intel could launch a hostile bid for Altera. But now, according to the New York Post, the two sides are sitting around the table in further discussions. The deal could mean Intel will buy Altera for as much as $13 billion. Cash rich Intel wants Altera to fill a hole in its semiconductor line. Intel is seeing demand for its X86 microprocessors wane with the rise of smartphones and tablets, while Altera makes progrmmable chips that could play a part in the burgeoning automotive electronics industry. http://www.techeye.net/chips/intel-a...-talking-again

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