Intel Makes $16.7 Billion Bet On Mobile With Acquisition Of San Jose's AlteraSan 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.
Intel To Slash 5,000 Jobs; 5 Percent Of WorkforceIntel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips.
Applied Materials Buying Varian Semi For $4.9 BillionApplied Materials Inc. said it will buy Varian Semiconductor Equipment Associates Inc. for $4.9 billion, gaining access to a leading supplier of ion implantation equipment used by chipmakers.
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