Intel buys McAfee for $7.7bn

Intel claims aquisition of security software giant McAfee will mean better protection for consumers and businesses using cloud-based services.

Intel is to buy security software giant McAfee for $7.68bn.

The chip maker said the acquisition would provide it with a combination of security software and hardware from one company, which it claimed would ultimately better protect consumers, corporations and governments.

The move follows on from Intel's drive towards energy efficiency. The company said the acquisition of McAfee will augment its mobile wireless strategy, helping to protect customers' data as billions of devices connect. Intel is among a number of hardware firms supporting the Trusted Computing platform for securing mobile devices.

Intel said the acquisition is part of its strategy to support the billions of devices that will be internet-connected using cloud-based services.

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