The world’s largest computer maker, Intel Corp., will acquire Corsair, a hardware manufacturer that makes high-performance, high-efficiency computer components for consumers.
Corsair will pay $14 billion for the $14-billion acquisition, the largest acquisition by a U.S. company in history.
The company’s shares have gained nearly 40 percent this year and the company expects to reach $30 billion in revenue by 2020.
The deal is expected to close by the end of this year.
Cortana, which has a market capitalization of $2.8 billion, has been under fire over the past year over its high-end computer chips.
Ceramic, a British company that designs chips for Intel, was acquired by Intel in January after a $10 billion bid from Dell Inc., and its stock fell nearly 15 percent in 2017.
Cerosair, which makes high performance components for consumer electronics and other industries, was founded in 1997.
It has about 400 employees worldwide.
Intel, which said it plans to acquire its largest business in the U.K., has also been investing in the chip maker.
It owns a 15 percent stake in Corsair and plans to merge it with a company called Advanced Micro Devices Inc., which makes chips for computers and mobile devices.