Intel Completes McAfee Acquisition
Intel has completed its US$7.68 billion acquisition of security vendor McAfee, the chip maker announced on Monday.
The all-cash deal makes Intel a security industry powerhouse, giving it a broad range of consumer and enterprise security products. Though the acquisition has left some observers scratching their heads, Intel says it needs the McAfee technology to help it bake security into its microprocessors and chipsets -- especially as Intel looks to become more competitive in smartphones and other portable devices.
"Intel and McAfee believe today's approach to security does not adequately address the billions of new Internet-ready devices, including PCs, mobile and wireless devices, TVs, cars, medical devices and ATM machines," Intel said Monday in a statement announcing the acquisition's close. "With the surge in cyber threats, providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services."
- Mon, 2013-04-22 05:55
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