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Intel sells Altera chip unit to PE group Silver Lake

  • Intel has agreed to sell a 51% stake in its Altera programmable chip business to Silver Lake for $4.46 billion, announced on Monday.
  • The deal values Altera at $8.75 billion, significantly lower than the $17 billion Intel paid in 2015.
  • Intel will retain a 49% ownership in Altera, which will be led by Raghib Hussain after he succeeds Sandra Rivera as CEO on May 5, 2025.
  • CEO Lip-Bu Tan stated that the deal reflects a commitment to focus, reduce expenses, and strengthen the balance sheet.
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ChannelNews broke the news on Monday, April 14, 2025.
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