Report: Intel Buying Altera?
Intel is reportedly in talks for a $10 billion-plus takeover of basestation chipmaker Altera.
The Wall Street Journal reported on Friday afternoon that Intel Corp. (Nasdaq: INTC) is in talks to buy Altera Corp. (Nasdaq: ALTR). Terms and timing on the deal are not known. It would be a massive acquisition for Intel, as Altera currently has a market cap of $10.4 billion.
Altera makes programmable chips -- known as field programmable gate arrays (FPGAs) -- that are widely used in cellular basestations. Intel has been trying to get a larger footprint in this market through acquisition. It bought Mindspeed Technologies Inc. (Nasdaq: MSPD) in December 2013 for small cell wireless basestation technology. (See Intel Confirms Mindspeed Wireless Buyout and 2014: Intel's Year of Living Wirelessly?)
Silicon-related M&A is picking up, with M/A-COM Technology Solutions Inc. acquiring several vendors recently. The Intel acquisition could be the latest entry in an already busy acquisitions market. (See Chip M&A: What's Next for MACOM?)
— Dan Jones, Mobile Editor, Light Reading