Oracle CEO Larry Ellison revealed at the company's annual meeting in San Francisco that his company is looking to purchase chip makers and developers of industry-specific software. The company has already acquired more than 65 firms during the past five years, but Ellison said he wants to follow Apple's approach by owning more of the IP that underpins computer chips.
“You’re going to see us buying chip companies,” Ellison, 66, said yesterday at Oracle’s annual meeting in San Francisco. Acquiring chipmakers would extend Oracle’s push into computer hardware, initiated in January with its purchase of Sun Microsystems Inc., a server manufacturer.
Analyst Doug Freedman believes AMD, NVIDIA and IBM's chip division may be potential takeover targets for Oracle:
Oracle may buy a semiconductor company with technology for servers, said Doug Freedman, an analyst at Gleacher & Co. in San Francisco. Potential targets include AMD, International Business Machines Corp.’s chip division and Nvidia Corp., he said.