Intel Makes $16.7 Billion Bet On Mobile With Acquisition Of San Jose's Altera
San Jose-based Altera specializes in programmable chips for all sorts of things like cars, industrial uses and communications applications, and its been making solid inroads into data centers, an area of strength for Intel as the world's biggest chipmaker looks to expand beyond the weakening PC business and also make inroads into mobile, where it lost $4-billion last year, and is forecasting another $3-billion dollar loss this year.
