Intel (NASDAQ:INTC) recently completed the purchase of Altera with the intent to integrate Altera IP into Intel processors to significantly grow Intel's data center and IoT businesses. Intel had partnered with Altera for several years to get to know the IP and the people. Only after this extended engagement did Intel decide to buy the company. This approach does not minimize the purchase price but it does dramatically increase the potential for successfully integrating Altera IP and personnel into Intel.
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