Intel is selling 51% of Altera for $8.75 billion to private-equity firm Silver Lake. Intel bought it a decade ago for $16.7 billion.

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.

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 ...

Intel announced April 14 that it was selling the majority of its Altera chip business to technology investor Silver Lake in a deal valued at $8.75 billion. Silver Lake will own 51 percent of ...

Intel announced Monday that it was selling the majority of its Altera chip business to technology investor Silver Lake in a deal valued at $8.75 billion. Silver Lake will own 51% of Altera, which ...

Intel agreed to sell 51% of Altera to technology investor Silver Lake in a deal that values it at $8.75 billion. Intel acquired the company for $16.7 billion in 2015.

Altera, acquired by Intel for $16.7 billion in 2015, makes field-programmable gate arrays, which are semiconductors that can be reprogrammed on the fly to make them more efficient at specific ...

Intel acquired Altera for $16.7 billion in 2015, integrating the FPGA business into its operations under the name Programmable Solutions Group. In 2023, Intel announced plans to spin off the unit ...

Intel has agreed to shell out a whopping $16.7 billion to acquire Altera, a company that makes something Intel lacks: FPGAs (field-programmable gate arrays), which are reprogrammable chips.

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% ...