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Intel Targets Lower Spending With Altera Sale Complete

Intel has completed its sale of a majority stake in Altera.Semiconductor giant Intel (INTC 2.74%) agreed earlier this year to sell a majority stake in FPGA designer Altera to an investment firm. Intel paid 16.7billionforAlterabackin2015,butitwasneverabletothrivewithinthelargercompany.Duringthefirsthalfof2025,Alterageneratedrevenueof16.7 billion for Altera back in 2015, but it was never able to thrive within the larger company. During the first half of 2025, Altera generated revenue of 816 million, a gross margin of 55%, and had $356 million in operating expenses, according to an SEC filing from Intel.For comparison, Altera generat ...