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The world's largest chipmaker, looking ahead to changes in computing, makes its biggest acquisition ever.
Yet another multibillion-dollar deal in the chips world could be coming as soon as next week, according to a report.
The combination continues the consolidation in the chips business, as firms bulk up to better supply components to more connected gadgets.
The two companies may potentially develop new Internet of Things chips together.
Chipmakers are eager to stake a claim in the new market that promises to make dumb things smart by connecting to the Internet.
Intel doesn't want to repeat the billion-dollar mistakes it made in the mobile market.
Using technology called carbon nanotubes, Big Blue takes a significant step on a years-long path to secure the computing industry's future as today's chipmaking technologies run out of steam.
Qualcomm expects to close the deal by the summer of 2015, giving it a boost in automotive and connected devices.
Dutch chipmaker NXP will provide the chips required to support the short-range wireless tech known near-field communications, according to the Financial Times.
A prototype chip has quadruple the circuitry and double the performance of today's cutting-edge chips. This kind of work keeping Moore's Law ticking hastens the day your smartwatch has a lot more brains.