View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
October 11, 2015

EU set to approve Intel’s $16.7bn Altera acquisition

News: EU ruling scheduled for October 14.

By CBR Staff Writer

The European Union is expected to approve Intel’s $16.7bn bid to acquire Altera, which is aimed at strengthening the chipmaker’s portfolio.

US-based Intel intends to buy Altera to strengthen its market for higher-margin chips used in data centres and to develop chips for cars, watches and other devices based on the Internet of Things.

The EU ruling on the matter has been scheduled by October 14, reports Reuters.

The news agency cited anonymous sources as saying that Intel might not be required to give any concessions for the deal, since the EU does not see any competition issues.

The US Department of Justice gave unconditional approval for the transaction in September, but also needs to receive clearance from other organisations including the Chinese.

The EU is presently reviewing Avago Technologies’ $37bn deal for taking over Broadcom Corp, preliminary stage for which will end on 9 November.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.