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 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 ...