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No. 1 chipmaker Intel (INTC) muscled up Monday after it swallowed rival Altera for $16.7 billion, which an analyst says will add nearly $2 billion to Intel’s expected 2016 sales. The Intel-Altera merger was one of more than $100 billion in chip sector M&A announced in 2015. Together, Needham analyst N. Quinn Bolton sees Intel and Altera pulling in $58.25 billion in 2016 vs. the $56.5 billion he saw for Intel alone. The Wall Street consensus Scalper1 News
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