Business

Feds clear Intel’s $16B acquisition of Altera

Intel has won regulatory clearance from federal regulators of its controversial $16.7 billion acquisition of Altera, The Post has learned.

The Department of Justice cleared the deal without issuing a second request for information, sources close to the situation said on Friday.

Still, the deal has not cleared regulators in Europe or China, where it might face more opposition.

The growing part of Intel’s business is selling chips for data center servers for about $650 each. This represents 40 percent of Intel’s profits.

Intel might be making the acquisition in this related chip area to limit competition. That has led to speculation the merger could face regulatory scrutiny.