Acquisition — March 23, 2000 — Intel’s Purchase of Basis Communications Part of Networking Market Foothold Continues

SANTA CLARA, CA—For $450 million, Intel's purchase of Basis Communications garners the company chips and other products for moving data across the Internet and corporate networks. The acquisition is part of Intel's effort to redefine itself as a networking and communications company.

By Mike Sciannamea

Bolstered by the rising demand in DRAM chips, worldwide semiconductor revenues reached a record level of US$168.6 billion in 1999, a 22 percent increase from 1998’s total of $138.7 billion, according to an industry report issued last week by Dataquest Inc. Last year’s figures also broke the previous record of $151.3 billion set in 1995.


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