Intel Buys Altera for $16.7 Billion

Intel today said it has agreed to purchase Altera Corp. for $16.7 billion. Altera makes chips for servers and Intel sees the acquisition as a way of protecting its server business from competition. Specifically, Altera sells field-programmable gate arrays, which are chips that can be programmed by the end customer. FPGAs are an in-between step […]