EU regulators clear Intel’s purchase of Altera
Q. EU regulators have cleared Intel’s acquisition of which major US firm on 15th October 2015?- Published on 16 Oct 15a. Micron
b. Synaptics
c. Altera
d. None of the above
ANSWER: Altera
EU regulators have cleared Intel, the biggest chipmaker in the world to purchase US firm Altera for USD 16.7 billion in a massive Silicon Valley deal. EU Commission has cleared the acquisition of electronic component supplier Altera as the merged entity will face competition in Europe. California based Intel will pay USD 54 per share in cash for Altera. The latter firm designs processors for server systems, phone networks, cars and other devices. The buyout is the largest in Intel’s 47 year history and will boost its IoT portfolio. Intel attained a target of USD 55.9 billion sales in 2014. Founded in 1983, Altera has more than 3000 employees in 20 nations and attained sales totaling USD 1.9 billion in the past year.
