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Intel Corp

Intel offers $300M investment for Ultrabook technologies

Intel ultrabook design

The investment arm of the world's largest computer chip manufacturer, Intel, has decided to offer $300 million to companies that develop better technologies for Ultrabooks, the ultra-thin laptops touted as an alternative to tablet PCs.

Intel buys McAfee security software

New York, D.C. -- Intel Corp., the world's largest electronic chipmaker, Thursday said it was acquiring McAfee, the security software-maker, for $7.68 billion.

Intel will pay about $48 cash for each McAfee share, a 60 percent premium to Wednesday's closing price.

"With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online," said Paul Otellini, Intel president and chief executive officer, in a statement. "In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences."