EU unconditionally approves Intel's $16.7 billion acquisition of Altera

On the evening of October 14th, Beijing time, the EU announced today that it has unconditionally approved Intel's acquisition of Altera.

Intel announced on June 1 that it will acquire programmable logic chip giant Altera for about $16.7 billion in cash. This is Intel's largest M&A deal to date, aimed at strengthening the company's data center chip business and developing chips for cars, smart watches and other "Internet of Things" devices.

The EU said there was no competition issue in the deal and it was therefore unconditionally approved. European antitrust commissioner MargretheVestager said in a statement today: "Our decision shows that if there is no competition, we will quickly approve such a merger transaction."

Altera's programmable logic chips are widely used in telecom equipment, military equipment, and other industrial applications, which is why Intel can attract Intel. This year, the global chip market is frequently integrated, and chip manufacturers hope to integrate more technologies into their chips to meet the needs of integrated suppliers.

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