21 years after Intel got out of the programmable logic market by selling its failing programmable logic business to Altera, it is widely reported that it’s getting back in again by buying Altera.
Intel would have to borrow to buy Altera. Its $14 billion in cash is almost matched by its $12 billion of debt. It would have to pay North of $13 billion for Altera which has $2.3 billion in cash.
The only logical reason for the move would be to boost Intel’s server and networking business.
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