Intel Sells 51% Stake in Altera to Silver Lake in $8.75 Billion Deal

Intel Announces Strategic Investment by Silver Lake in Altera - AI-Tech Park

Raghib Hussain appointed chief executive officer of Altera. Sale of 51% stake to Silver Lake to accelerate Altera’s independence and leadership in programmable semiconductor solutions. Advances Intel’s strategy to focus on its core business and strengthen its financial position. Intel Corporation today announced that it has entered into a definitive agreement to sell 51% of its Altera business to Silver Lake, a global leader in technology invest…

Intel Strategic Investment by Silver Lake in Altera

Intel Corporation has entered into a definitive agreement to sell 51% of its Altera Corp. business to Silver Lake, a global leader in technology investing. The transaction, which values Altera at $8.75 billion, establishes Altera’s operational independence and makes it the largest pure-play FPGA (field programmable gate array) semiconductor solutions company. Altera offers a highly scalable […] The post Intel Strategic Investment by Silver Lake …

Intel Sells 51% Stake In Altera To Silver Lake In $8.75 Billion Deal - Cybernoz - Cybersecurity News

Intel Corporation has announced the divestiture of a 51% stake in its Altera division to Silver Lake, valuing the programmable logic company at $8.75 billion. This transaction marks a significant shift in Intel’s focus, enabling the tech giant to streamline its business while retaining a 49% interest in Altera, ensuring continued participation in its growth trajectory. Intel revealed that Raghib Hussain, former president of Products and Technolo…

Intel Sells 51% Stake in Altera to Silver Lake in $8.75 Billion Deal

Intel Corporation has announced the divestiture of a 51% stake in its Altera division to Silver Lake, valuing the programmable logic company at $8.75 billion. This transaction marks a significant shift in Intel’s focus, enabling the tech giant to streamline… Read more → The post Intel Sells 51% Stake in Altera to Silver Lake in $8.75 Billion Deal appeared first on IT Security News.