Internet of things gets massive boost with Intel-Altera deal
After the acquisition of Broadcom by Avago a few days and that of Freescale by NXP a couple of months ago, Intel has announced that it is buying Altera for a cool $16.7 billion (about £11 billion, AU$22 billion).
The deal, which began life as a rumour back in March, dwarfs Intel’s previous big acquisition (that of McAfee five years ago)
Altera is an important player in the field of IoT (internet of things) although it is particularly active in the less visible (but more lucrative) markets like Smart City, Industry 4.0, Smart Grid, Healthcare and Connected Car.
So no, Intel didn’t buy Altera for its wearable assets.