Intel is planning to spin off its engine Networking and Edge Group as part of an ongoing company-wide effort to boost ...

Intel faces declining margins, operating losses, and is losing market share to AMD and Nvidia, making a near-term recovery ...

Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of ...

Intel said its new silicon is meant to enable AI capabilities such as visual computing, media processing and business intelligence at the edge, while Altera’s FPGAs are designed for much broader ...

Gross margin remains under pressure, falling by 790 basis points from 35.4% to 27.5%, while adjusted gross margins fell 900 ...

A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...

Intel (NASDAQ: INTC) announced on Monday that it had agreed to sell a 51% stake in Altera, the FPGA specialist it acquired in 2015, to investment firm Silver Lake. While Intel will retain a 49% ...

Intel has launched a standalone FPGA (field-programmable gate array) business, branding it Altera - after the company it acquired in 2015. The company will sell reconfigurable chips for systems ...

Intel purchased Altera for $16.7 billion in 2015. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes.

Monday's deal values Altera at just $8.75 billion compared to the nearly $17 billion Intel paid in 2015, but the sale will provide the company much-needed cash after hefty bets on contract ...

Intel is keeping a 49% stake in Altera, meaning that it will benefit from any upside if Altera manages to turn things around. With a minority stake, Intel won't be involved in day-to-day operations.