Intel snaps up rival Altera in $16bn deal

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.

Intel forecasts revenue growth on better PC sales

Intel has delivered a rare piece of good news for the shrinking PC market after the chipmaker noted a pick-up in demand.