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Strategic Reset Begins: Intel Sells Controlling Stake in Altera
INTCIntel(INTC) MarketBeat·2025-04-18 20:10

Intel Corporation NASDAQ: INTC initiated a significant portfolio reshaping with the announcement on Apr. 14, 2025, that it has entered into a definitive agreement to sell a 51% controlling interest in its Altera programmable chip business. Intel TodayINTCIntel18.930.30 (1.5618.93 -0.30 (-1.56%) 52-Week Range17.67▼37.16PriceTarget37.16Price Target25.38Add to WatchlistThrough this transaction, the buyer, private equity firm Silver Lake, a global technology investor, sets Altera's total enterprise value at $8.75 billion.Get Intel alert ...