Intel Corp., which is the globe's biggest chip manufacturer, is planning to get its hands on McAfee Inc. for around $7.7 billion. Through this acquirement, Intel will incorporate the anti-virus technology directly into its computer chips.

McAfee is a major in the cyber-protection sector. Santa Clara-based Intel said that the anti-virus technology will protect the computers, wireless gadgets and implanted systems in vehicles and ATMs from web felonies.

Intel has decided to shell out $48 per share to McAfee, which is a 60% premium to $29.93 that the Company closed, on Wednesday.

McAfee's stock jumped $17.08, or 57%, to $47.01 after the declaration of the buyout. Intel's shares went down 69 cents, or 3.5%, to $18.90.

Erik Suppiger, Senior Research Analyst at Signal Hill Capital, said that Intel and McAfee's amalgamation will see the anti-virus technology being integrated into tablets and smart phones. Usually, anti-virus software is installed on desktops and laptops.

Suppiger said, "There are some pretty good growth opportunities as the number of devices grows with the adoption of wireless".

However, there are concerns that the union of Intel and McAfee does not guarantee success.

Andrew Jaquith, Forrester Research Analyst, said that in the past it has been noticed that chip makers have not fared well in the security software market.