By combining with Altera, Intel will be able to bundle its processing chips with the smaller company’s programmable chips, which are used, among other things, to speed up Web-searches. Intel said on Monday it would offer $54 per share for San Jose, California-based Altera, a 10.5 percent premium to Altera’s close on Friday. Altera’s shares were changing hands at $51.78, well below the offer price, in afternoon trading.