Intel trims full-year expense outlook following Altera stake sale

Intel trims full-year expense outlook following Altera stake sale

Intel said on Monday it has lowered its full-year 2025 adjusted operating expense target to $16.8 billion, from $17 billion earlier, to reflect the deconsolidation of its programmable chip business, Altera. The struggling chipmaker agreed in April to sell a 51 per cent stake in Altera to private equity