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Intel trims full-year expense outlook following Altera stake sale

(Reuters) - Intel said on Monday it has lowered its full-year 2025 adjusted operating expense target to 16.8billion,from16.8 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% stake in Altera to private equity firm Silver Lake, valuing the unit at just 8.75billion,asharpdeclinefromthenearly8.75 billion, a sharp decline from the nearly 17 billion Intel paid to acquire it in 2015. Intel is streamlining under CEO Lip-Bu Tan to bolster cash. The c ...