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Intel’s Deal Ambition Ramps Up Chipmaker Consolidation: Real M&A

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Photographer: Daniel Acker/Bloomberg
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Intel Corp.’s pursuit of its biggest acquisition yet only builds the case for more semiconductor deals.

The world’s largest chipmaker is in talks to buy Altera Corp. and add to what is already the strongest start on record for takeovers in the industry. Investors rewarded Intel with an intraday gain on Friday that was the biggest in six years. The $150 billion company’s foray into the buyers’ circle may give other semiconductor makers facing lackluster growth more incentive to make acquisitions of their own.