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EU approves acquisition by Intel Altera good

Oct

15

2015

Intel gets green light from the European Commission to take on Altera, allowing it to complete the largest deal in its history. At the same time the company announced quarterly results announced, showing that Intel grow revenue from cloud computing.

The European Commission on its website posted the verdict on the deal between Intel and Altera. According to the European authorities remain there after the acquisition sufficient competition existed on the chip market; The Commission points to the fact that Intel and Altera control other parts of the market; latter builds chips for various industries, such as automotive, medical devices and telecommunications.

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