Intel Corp has resumed negotiations to buy smaller chip maker Altera and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.
The price for Altera could be as much as $54 per share, a 15
Intel Corp said it would buy security software maker McAfee for $7.7 billion to capitalise on rising demand for better safeguards for laptops, smartphones and tablets.
Intel will pay $48 per share in cash for McAfee in its biggest acquisit
Intel Corp said it would close manufacturing plants in Malaysia and the Philippines and scale back US operations as part of a restructuring that affects as many as 6,000 employees.
The announcement comes a day after the world's largest