Intel completes acquisition of McAfee | delhi | Hindustan Times
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Intel completes acquisition of McAfee

Chip giant Intel on Tuesday said it has completed the acquisition of security software solution provider McAfee.

delhi Updated: Mar 01, 2011 17:32 IST

Chip giant Intel on Tuesday said it has completed the acquisition of security software solution provider McAfee.

In August last year, Intel had announced the acquisition of McAfee for USD 7.68 billion.

While McAfee will continue developing and selling security products and services under its own brand, Intel and McAfee plan to bring the first products of their strategic partnership to market later this year, Intel said in a statement.

As a wholly-owned subsidiary of Intel, McAfee will report into Intel's Software and Services Group. The group is managed by Renée James, Intel Senior VP and General Manager.

On Semiconductor completes acquisition of Cypress's ISB unit

US-based chip maker ON Semiconductor today said it has completed the acquisition of Cypress Semiconductor's CMOS Image Sensor Business Unit (ISBU).

In January this year, ON Semiconductor had announced the takeover of Cypress Semiconductor's ISBU in an all-cash transaction for about USD 31.4 million.

With this acquisition, ON Semiconductor acquires about 100 patents and patent applications related exclusively to the business and receives appropriate intellectual property licences from Cypress Semiconductor.