Versuchen GOLD - Frei
Intel to sell 51% in Altera amid cost cuts
Mint Chennai
|April 15, 2025
Intel Corp. has agreed to sell a 51% stake in its programmable chips unit Altera to Silver Lake Management, making good on plans to start spinning off non-core assets.
The transaction values Altera at $8.75 billion, according to a statement on Monday, about half what Intel paid for it a decade ago. Intel will continue to hold a 49% stake in the business. The deal is expected to close in the second half of 2025. Bloomberg reported previously on the talks between the two companies.
Altera will be run by Raghib Hussain, replacing Sandra Rivera as chief executive officer (CEO). Hussain will join from Marvell Technology Inc., where he's president of products and technologies.
Diese Geschichte stammt aus der April 15, 2025-Ausgabe von Mint Chennai.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Chennai
Mint Chennai
Govt to sell shares in IRCON, RITES, other rail PSUs
The move comes as part of a broader push to meet the monetization target under NMP 2.0
2 mins
May 14, 2026
Mint Chennai
India targeting $1 tn in exports: Goyal
The network of free trade agreements (FTAs) now covers more than two-thirds of global trade, as India pushes towards an ambitious $1 trillion export target for the current fiscal year after hitting a record $863 billion in 2025-26, commerce minister Piyush Goyal said.
1 min
May 14, 2026
Mint Chennai
SoftBank profit jumps after Son bets more on OpenAI
SoftBank Group Corp. reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT maker.
1 mins
May 14, 2026
Mint Chennai
RBI cancels licence of Sarvodaya Bank
The Reserve Bank on Tuesday cancelled the licence of city-based Sarvodaya Co-operative Bank due to a lack of adequate capital and earning prospects.
1 min
May 14, 2026
Mint Chennai
INSIDE OZIVA'S JOURNEY TO THE UNILEVER STABLE
The founders of the plant-based nutrition company endured a rollercoaster ride before cashing out handsomely
9 mins
May 14, 2026
Mint Chennai
Brown-Forman taps India spirits boom
As Indian consumers move beyond single-brand loyalty and expand their drinking “repertoire” across categories, Brown-Forman, the maker of Jack Daniel's, is banking on India’s premium spirits boom to sustain strong double-digit growth, even as competition intensifies across imported whiskey segments and supply chain risks persist.
1 mins
May 14, 2026
Mint Chennai
Eka, PMI race ahead of Tata, Ashok Leyland in e-bus tender
The companies secured over two-thirds of India’s third-largest tender for 6,230 electric buses
2 mins
May 14, 2026
Mint Chennai
Govt preps higher MSP, coal-gas shift
Amid heightened global volatility and supply chain disruptions due to the West Asia war, the Union cabinet on Wednesday cleared a series of proposals to support India’s food and energy security, including higher minimum support prices (MSPs) for key kharif crops and a coal gasification incentive scheme to reduce dependence on imported fuel.
2 mins
May 14, 2026
Mint Chennai
The cost of convenience for tap-to-book domestic help
Frequent change of helpers, surge pricing and slot shortages remain key pain points for users
3 mins
May 14, 2026
Mint Chennai
Tata Motors wary of FY27 industry growth
Geopolitical tensions and rising fuel costs are threatening to hurt demand
2 mins
May 14, 2026
Listen
Translate
Change font size