Intel Set to Acquire McAfee

In a move that underscores the growing importance of security, chip maker Intel has reached an agreement to acquire security software maker McAfee for $7.68 billion. The addition is one more in a growing list of companies that Intel has recently bought increasing its influence across the spectrum of mobile and computing devices.

In a release, Intel CEO Paul Otellini said, “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.”

McAfee shareholders have not yet voted to ratify the deal, which still must past regulatory review.

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