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Intel Invests $11 Billion In Move To IoT

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.

Read the whole story at The Register »

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