Intel eyeing at Mobility and Security Space by acquiring McAfee
In a move to focus on online security, chip giant Intel Corp. said on Thursday that it intends acquiring computer-security software maker McAfee Inc. for a sum of $7.68 billion. Explaining the rationale behind the deal, Intel said that security being a fundamental component of online computing, today's approach to security is not adequate for the growing availability of Internet connections on mobile phones, medical devices, ATMs, automobiles and elsewhere. According to Intel, the McAfee deal will help Intel create security software and hardware from a single company that better protects consumers, corporations and governments as billions of devices. Along with boosting Santa Clara-based Intel's security software chips and helping it grow beyond its traditional PC and server markets, the McAfee acquisition also fuels Intel's growing mobility strategy. "With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of ...