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Intel to sell stake in Altera for $4.46 bn
Financial Express Chandigarh
|April 15, 2025
INTEL HAS AGREED to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker.
The deal, announced on Monday, values Altera at $8.75 billion, a sharp decline from the $17 billion Intel paid in 2015.
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