The EC has allowed Intel to purchase the chip manufacturer Altera Corp.

The EC has allowed Intel to purchase the chip manufacturer Altera Corp.


The European Commission considers that the merged organization Altera Corp. and Intel will continue to face effective competition in Europe.

BRUSSELS, 14 Oct. Maria Knyazeva. The European Commission (EC) has authorized a us technology company Intel to buy the producer of programmable chips, Altera Corp., said the EC.

In early June it was reported that Intel has signed an agreement to acquire Altera approximately 16.7 bn dollars.

“The European Commission has authorized the proposed acquisition. The EC concluded that the merged organisation would continue to face effective competition in Europe”, — stated in the message.