Intel To Sell Majority Stake In Altera For $4.46 Billion To Fund Revival Effort

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By BeauHDApr 14, 2025, 6:10 pm288 ptsTop
Intel will sell a 51% stake in its Altera programmable chip unit to private equity firm Silver Lake for $4.46 billion, aiming to cut costs, raise cash, and streamline the company's focus as it shifts toward becoming a contract chip manufacturer. CNBC reports: The deal, announced on Monday, values Altera at…

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