Intel acquire the company Altera for $16.7 billion
A few months ago we informed you of the willingness of Intel to acquire the company Altera for $17 billion. And now we get a real confirmation that this deal is finalized. Thus it became the most expensive purchase made by the technology giant in its history so far as the specific financial parameters reach $16.7 billion. To a great extent we can say that it is the best way illustrates the willingness of the head of Intel, Brian Krzanich to bet on a completely new strategy to expand the company’s business.
We remind you that Altera Corp. is the second largest producer of microprocessors in the industry that are used in modern computers and can be programmed directly after leaving the factory, in which are produced. Its architectures are used in a wide variety of devices, they found a strong application in network equipment, and this is an area where Intel wants to expand its market share. Another important motive behind this transaction is the desire of the technology giant to continue to serve the needs of his key partners such as Facebook, Google and Microsoft.
Many of their popular services depend entirely on the latest generation of Intel’s Xeon processors, and Intel is looking for new ways to improve their capabilities than traditional strategy to deploy more transistors in less space. In the future employees of Altera will operate as part of a new division within the structure of Intel, which is called Programmable Solutions Group (PSG) and will be led by Dan McNamara. The tech giant also assure consumers that will continue to maintain and provide updates for current products of Altera and after finalization of the transaction.http://gizbrain.com/2015/12/29/intel-finalized-the-transaction-to-acquire-the-company-altera-for-16-7-billion/https://i2.wp.com/gizbrain.com/wp-content/uploads/2015/12/intel.jpg?fit=760%2C441https://i2.wp.com/gizbrain.com/wp-content/uploads/2015/12/intel.jpg?fit=190%2C150INTELTECH NEWSIntelA few months ago we informed you of the willingness of Intel to acquire the company Altera for $17 billion. And now we get a real confirmation that this deal is finalized. Thus it became the most expensive purchase made by the technology giant in its history so far...John GreenJohn GreenJohngreen@gizbrain.comContributorJohn Green is a writer at GizBrain.GizBrain - Your Tech Brain