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Intel won't make more big acquisitions

IDF At least for a while, Otellini says
Tue Sep 14 2010, 11:40

IN HIS KEYNOTE SPEECH at IDF 2010, Intel CEO Paul Otellini all but ruled out any more big acquisitions by the chipmaker within the next few years.

Otellini noted that Chipzilla had made three big purchases over the last two years - McAfee, Infineon and Wind River, along with around ten other buyouts in the last fiscal year. Otellini said Intel will be digesting these companies before considering any more big purchases in the future.

“We have no limit on acquisitions but don't have an acquisition plan per se,” he said. “For the foreseeable future we will digest the new firms, but if the right company comes along we'd be interested.”

He said that Intel's recent buying spree was aimed at filling holes in the company's technology portfolio and no new plans were in place. The news will lead some analysts to rethink the persistent rumour that Intel is considering buying Nvidia to get access to its GPU technology.

However, the latest deal with McAfee will be slow bearing fruit, according to Otellini. When we asked when the company can be expected to announce any deals based on the merger he refused to say, instead saying that the two companies had been working together on a variety of solutions over the last two years but no firm news could be released yet. µ

For more Intel Developer Forum coverage, visit our dedicated IDF blog, where you can see Sandy Bridge images and keep up with live second by second updates from the keynotes as they happen.

 

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