M&A Deal Summary

Intel Acquires Chips & Technologies

On February 2, 1998, Intel acquired semiconductors company Chips & Technologies

Acquisition Highlights
  • This is Intel’s 2nd transaction in the Semiconductors sector.
  • This is Intel’s 4th transaction in the United States.
  • This is Intel’s 2nd transaction in California.

M&A Deal Summary

Date 1998-02-02
Target Chips & Technologies
Sector Semiconductors
Buyer(s) Intel
Deal Type Add-on Acquisition

Target

Chips & Technologies

Milpitas, California, United States
Chips and Technologies, Inc. provides application-specific integrated circuit design and manufacturing.

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Buyer(S) 1

Buyer

Intel

Santa Clara, California, United States

Category Company
Founded 1968
Sector Semiconductors
Employees108,900
Revenue 53.1B USD (2024)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.


DEAL STATS #
Overall 4 of 97
Sector: Semiconductors M&A 2 of 20
Type: Add-on Acquisition M&A Deals 4 of 83
State: California M&A 2 of 39
Country: United States M&A 4 of 62
Year: 1998 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-30 Corollary

Irvine, California, United States

Corollary is a supplier of multiprocessing technology based upon the Intel Architecture. Many of the industry's leading system vendors have based their server systems on Corollary's previous designs. Corollary's Profusion architecture employs a unique cache coherent buffered cross-bar switch design, effectively harnessing the performance of up to eight microprocessors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 NetBoost

Mountain View, California, United States

NetBoost (Mountain View, CA) develops and markets hardware and software for communications equipment suppliers and independent software vendors in the networking and communications markets.

Buy -