Intel Sells 51% Stake in Altera Unit to Private Equity Firm Silver Lake

By Yahoo! Finance   |   3 weeks ago
Intel Sells 51% Stake in Altera Unit to Private Equity Firm Silver Lake

Intel announced the sale of 51% of its Altera chip business to Silver Lake for $8.75 billion. This strategic move aims to enhance focus, reduce expenses, and strengthen the balance sheet.

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