It's clear that M&A activity within the semi-conductor market is continuing following the Avago/Broadcom deal announced last week. Consolidation continuing on this scale could well result in the market being tightly controlled by a few participants on a global basis, compromising free trade within the sector.
The world's biggest chipmaker, Intel, has agreed to buy smaller rival Altera in a $16.7bn (£10.9bn) deal. Intel said it would pay $54 a share for the firm, 10.5% higher than the level Altera's shares closed at on Friday. The combination will enable "new classes of products", said Intel. The deal comes less than a week after Avago Technologies agreed to buy Broadcom Corp for $37bn, marking the most expensive deal ever for the chipmaking sector.