Intel says it will sell a 51% stake in Altera to Silver Lake, valuing the programmable chip unit at $8.7B; Intel bought Altera for $15B in 2015
Intel said on Monday it would sell a 51% stake in Altera to private equity firm Silver Lake, valuing the programmable chip unit at $8.75 billion.
Reuters Zaheer Kachwala
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Discussion
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Phoronix
Michael Larabel
on x
Intel Sells 51% Of Its Altera Business
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@quinnypig.com
Corey Quinn
on bluesky
So that's what Intel was doing instead of, y'know. Work. [embedded post]
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@marypcbuk
Mary Branscombe
on bluesky
FPGAs go up and down in terms of popularity; for a while the hyperscalers relied on them but now the form of the accelerator for this cycle has largely been chosen - and Intel is in survival mode not expansion mode [embedded post]
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@squashbionic
@squashbionic
on x
Sandra leaving Altera is weird
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@danielnewmanuv
Daniel Newman
on x
I have been saying for some time...Intel has to be more focused. Core data center and client innovation and foundry. The spinoff of the majority of Altera is a prudent move to raise capital and focus its resources. I expect more of this under new CEO Lip-Bu Tan. $INTC
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@dylanonchips
@dylanonchips
on x
Intel announced that it has reached an agreement to sell 51 percent of its Altera FPGA business to private equity firm Silver Lake. The chipmaker will own the remaining 49 percent. Altera's current CEO, Sandra Rivera, will be replaced by former Marvell executive Raghib Hussain.
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@mojo_flyin
@mojo_flyin
on x
$INTC sells 51% of Altera. Another senior $INTC exec Sandra Rivera departs after the CHRO Pambianchi left. Rivera is replaced by a successor from #Marvell. Slowly but surely LBT is putting his stamp on @intel. https://newsroom.intel.com/...
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@intelnews
@intelnews
on x
Intel announces strategic investment by Silver Lake in Altera. https://newsroom.intel.com/...
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r/intelstock
r
on reddit
Intel Announces Strategic Investment by Silver Lake in Altera