Similar Stories to Is Intel's $16.7 Billion Acquisition Paying Off? on Bing News

newsfeedback@fool.com (Ashraf Eassa), The Motley Fool
Mon, 08/20/2018 - 12:30pm

In June of 2015, chip behemoth Intel (NASDAQ: INTC) announced that it intended to buy Altera, a major supplier of chips known as field programmable gate arrays, or FPGAs, for $16.7 billion. FPGAs, Intel explains, are chips "where a large majority of the electrical functionality inside the device can be changed."In pitching this big buy to shareholders, then-CEO Brian Krzanich told investors that "product synergies" -- in other words, the combination of Altera's FPGA technology with Intel's own microprocessor assets in areas like the data center and the Internet of Things -- were expected "to drive roughly 60% of the value we create with this acquisition." Image source: Intel.Continue reading

Topics: june nasdaq intc fpgas brian krzanich altera's fpga intel altera billion acquisition buy chips

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