Intel is now a minority owner of Altera after selling a majority stake to an investment firm. The company has cut its outlook for operating expenses this year as a result of the deal. Other ...

Completion of the transaction establishes Altera as the world’s largest independent, pure-play FPGA solutions provider, empowering the company to accelerate innovation for customers and partners by ...

(KRON) — In the latest sign of ongoing struggles Intel, one of the semiconductor giant’s spinoff companies has announced dozens of Bay Area layoffs. Altera Corporation, a programmable logic devices ...

SAN JOSE — Altera will cut 82 jobs in north San Jose, according to an official notice the tech company filed with the state Employment Development Department. The chipmaker stated the reductions would ...

On April 14, 2025, Intel Corp (NASDAQ: INTC, $19.85, Market Capitalization: $86.6 billion), a leading technology company, announced that it has entered into a definitive agreement to sell 51% of its ...

Intel, under new CEO Lip-Bu Tan, is selling a 51% stake in its Altera programmable chip business to Silver Lake for $4.46 billion. This deal values Altera at $8.75 billion, significantly less than ...

Beleaguered chip maker Intel has been looking for ways to capitalize on non-core, not large, but profitable parts of its business to raise funds for its ambitious plans to revitalize Intel Foundry and ...

Raghib Hussain is set to replace Sandra Rivera as Altera’s CEO. Intel is selling a 51pc stake in its programmable chip business Altera to Silver Lake, a private equity firm, for $4.46bn. The chipmaker ...

Intel will receive $3.4 billion cash for its stake in Altera, reports Bloomberg. In 2015, Intel paid $16.7 billion for Altera. Intel is to sell 51% of Altera to Silver Lake for $4.46 billion in a deal ...

Altera generated revenue of $1.54 billion in 2024, a mere 3% of Intel's total sales, and posted an operating loss of $615 million. Intel has agreed to sell a 51% stake in its Altera programmable chip ...

Intel Corp. has agreed to sell a 51% stake in its programmable chips unit Altera to Silver Lake Management, making good on plans to start spinning off non-core assets. The transaction values Altera at ...

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 new ...