Intel to secure EU's okay for $16.7 billion Altera deal: sources

By Foo Yun Chee BRUSSELS (Reuters) - World No. 1 chipmaker Intel Corp will be given the go-ahead from the EU for its $16.7 billion bid for Altera Corp, its largest ever deal, two people familiar with the matter said on Friday. The U.S. company is looking to Altera to reinforce its portfolio of higher-margin chips used in data centers and to focus on chips for cars, watches and other devices in a future "Internet of Things". The U.S. Department of Justice cleared the deal unconditionally last mon