Intel Corp is near a deal to acquire Altera Corp in a purchase that would take out yet another chipmaker and add to a record year for industry consolidation, people with knowledge of the matter said.
The world’s largest chipmaker might reach a deal for Altera as soon as this weekend, the people said, asking not to be identified discussing private information.
The chipmakers have held on-again, off-again talks since earlier this year. Early last month, people with knowledge of the matter said Altera had rejected an offer of about US$54 per share, breaking off talks. Terms of the deal, which could still fall apart, have not been divulged.
Altera stock rose 4 percent in Friday trading to US$48.85 after the New York Post reported the two companies were in talks again, ending with a market value of nearly US$15 billion.
Altera’s earlier rejection spurred some shareholders to pressure the company to reconsider an offer they thought valued Altera higher than it could reach on its own.
The largest deal ever in the US$300 billion semiconductor business was announced on Thursday when Avago Technologies Ltd agreed to buy Broadcom Corp for US$37 billion.
Intel, like other chipmakers, is seeking a way to mitigate slowing growth amid rising costs.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
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