Intel has entered a deal to offload 51% of its stake in Altera, a specialised chipmaker focusing on programmable logic devices, to Silver Lake investment firm. Before it was owned by Intel ...

Intel is keeping a 49% stake in Altera, meaning that it will benefit from any upside if Altera manages to turn things around. With a minority stake, Intel won't be involved in day-to-day operations.

Intel announced April 14 that it was selling the majority of its Altera chip business to technology investor Silver Lake in a deal valued at $8.75 billion. Silver Lake will own 51 percent of ...

Intel stock pops 2.7% after selling 51% of Altera to Silver Lake in $8.75 billion deal. Despite the boost, Intel stock remains technically bearish, trading below all key moving averages ahead of ...

April 14 (Reuters) - Intel (INTC.O), opens new tab has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move by ...

Intel to sell its networking and edge business after the sale of Altera chip unit as CEO Tan shakes up the chipmaker company.

For years, semiconductor giant Intel (NASDAQ: INTC) has been exiting lines of business that don't fit with its overall strategy. Under former CEO Pat Gelsinger, Intel sold off its NAND and SSD ...

Intel’s foundry unit posted a $2.3B operating loss in Q1 FY 2025 despite 8% QoQ revenue growth to $4.7B. Click here to find out why INTC stock is a Hold.

Intel (NASDAQ: INTC) announced on Monday that it had agreed to sell a 51% stake in Altera, the FPGA specialist it acquired in 2015, to investment firm Silver Lake. While Intel will retain a 49% ...

The deal simplifies Intel's operations and raises cash. Intel will still benefit from Altera's success with a 49% minority stake. Intel acquired Altera nearly a decade ago as part of a plan to ...