Intel sells majority stake in Altera for $4.46 billion, what makes the deal that Intel paid double for in 2025 important

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 Intel's 2015 acquisition price. The move aims to provide Intel with capital to strengthen its finances and streamline operations, following unsuccessful diversification attempts.

Most Recent