April 14, 2025, 9:21 am
Intel has reached a definitive agreement to divest a 51% stake in its programmable chip unit, Altera, to Silver Lake for $8.75 billion. This strategic move is a pivotal element of Intel’s turnaround plan aimed at reducing expenditures and sharpening its operational focus. By shedding a controlling stake while retaining a minority interest, Intel seeks to leverage Altera’s independent growth potential in the competitive FPGA market.
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Intel is selling a 51% stake in Altera to Silver Lake for $4.46 billion as part of a strategy to streamline operations and focus on core products.
Intel announced today that it has entered into a definitive agreement to sell 51% of its Altera business to Silver Lake. The deal values Altera at $8.75 billion and establishes Altera’s operational independence, making it the largest pure-play FPGA (field programmable gate array) semiconductor...
Intel To Sell 51% Of Altera To Silver Lake In $8.75 Billion Deal As Turnaround Accelerates Intel has reached a definitive agreement to sell a 51% stake in its programmable chip unit, Altera, to Silver Lake Management for $8.75 billion, marking the latest step in its ongoing turnaround...
Intel on Monday announced that it has entered into a definitive agreement to sell 51% of its Altera semiconductor business to Silver Lake, a private equity firm. The deal, which values Altera at $8.75 billion, will make Altera “operationally independent,” Intel said in a press release. Intel...
5 stories from 5 sources in 3 days ago ... #vc #hardware #semiconductors #chips #ai #innovation
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