Altera stockholders approve merger with Intel
Altera and Intel entered into an agreement on May 31, 2015, providing for Altera to merge with Intel. The closing of the merger is subject to regulatory review and other customary conditions. Once completed, Altera will operate as an Intel business unit.
Altera will continue manufacturing systems on a chip (SoC) that incorporate ARM Holdings’ processor and field programmable gate array (FPGA) designs, Intel CEO Brian Krzanich said. ARM is a big rival of Intel’s in mobile chips.