je.st
news
Intel in advanced talks to acquire Altera - report
2015-03-30 09:08:00| Telecompaper Headlines
(Telecompaper) Intel is in advanced negotiations to buy Altera, the Wall Street Journal reported, citing sources familiar with the matter. The move would represent Intel's biggest-ever acquisition. Altera closed 27 March with a valuation of USD 13.4 billion. Altera, based in California, is one of the two largest makers of field-programmable gate arrays (FPGAs), which can be configured by customers for various tasks after they are manufactured. FPGAs are widely used in carrier networks, computer-networking equipment, cars and other products. Altera's revenue increased 12 percent in 2014 to USD 1.93 billion. In 2013, Intel agreed to offer its most advanced production process to Altera.
Tags: advanced
report
intel
talks
Category:Telecommunications