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By | Kat Hall 29th December 2015 11:49

Intel completes epic $16.7bn Altera swallow, fills self with vitamin IoT

Chipzilla likely desperate to dump ailing PC market

Intel has closed its mega $16.7bn (£11.2bn) deal to acquire programmable chip maker Altera, likely in a bid to move away from the declining PC market.

The unit will sit in Intel's newly formed Programmable Solutions Group, headed by former Altera vice president Dan McNamara.

Intel hopes to shove Altera’s field-programmable gate array (FPGA) tech into data centres and the much-hyped internet-of-things (IoT) market.

"The combination is expected to enable new classes of products that meet customer needs in the data centre and Internet of Things market segments," said Chipzilla in a statement.

Intel will place Altera’s FPGA products with Intel Xeon processors, it said.

Intel chief executive Brian Krzanich said: "We will apply Moore's Law to grow today's FPGA business, and we'll invent new products that make amazing experiences of the future possible – experiences like autonomous driving and machine learning." ®

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