Merger Monday was back this week, as a handful of mergers and acquisitions were announced. However, one deal that has not come to fruition yet involves the largest name in the semiconductor sector, Intel Corporation (NASDAQ: INTC). The company has reportedly been in talks to buy a fellow chipmaker, Altera Corporation (NASDAQ: ALTR) in a deal that would total $10 billion and make it the single biggest purchase Intel has ever made.
Altera manufactures programmable chips, which are different than many of its competitor's chips. Programmable chips may be customized after they are purchased to suit a wide range of functions such as web search or updating social networks.
The Deal
The acquisition of Altera would provide Intel with the diversity that CEO Brian Krzanich has been looking for, as the California-based chipmaker has been slow to adapt to the fast paced growth in smartphones over the last few years. Earlier this month, Intel slashed $1 billion of its first-quarter revenue forecast, cutting ...
/www.benzinga.com/etfs/sector-etfs/15/03/5367638/potential-intel-deal-boosts-chip-etfs alt=Potential Intel Deal Boosts Chip ETFs>Full story available on Benzinga.com
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