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TLDR Intel sells 51% of Altera to Silver Lake, valuing the unit at $8.75 billion Intel will retain a 49% stake and receive $3.4 billion in cash Altera to focus on high-growth AI and edge computing sectors under new leadership Intel faces financial pressure with a -$18.76 billion net loss in the past year Stock […]
The post Intel Corporation (INTC) Stocks Offloads Majority Stake in Altera: Strategic Pivot or Risky Retreat…
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Intel Corporation (INTC) Stocks Offloads Majority Stake in Altera: Strategic Pivot or Risky Retreat?
Yasmin Werner
09:19
TLDR Intel sells 51% of Altera to Silver Lake, valuing the unit at $8.75 billion Intel will retain a 49% stake and receive $3.4 billion in cash Altera to focus on high-growth AI and edge computing sectors under new leadership Intel faces financial pressure with a -$18.76 billion net loss in the past year Stock
