Intel to sell the 51% stake in altera for $ 4.46 billion to Silver Lake, amid cost cuts, fell by 17% in one month | Einsmark news

Intel agreed to sell a 51% stake in its altera programmable chip business to Silver Lake for the buy-out firm Silver Lake for $ 4.46 billion, in the first major move under the new CEO, Lip-Bu Tan, to revive the struggling US chipmaker. The agreement, announced on Monday, values ​​altera at $ 8.75 billion, a sharp drop of the nearly $ 17 billion Intel paid in 2015. The sale will offer Intel a cash increase, as the once leading chipmaker aggressively reduces the costs after heavy investments to become a contract manufacturer among former top boss Pat Gelsinger-disabled finance. Alternation alternation, including Intel’s interest in altera, is in the middle of Tan’s strategy to streamline the chipmaker after several CEOs in the past failed to diversify the company’s main and server chip business for years. The mistakes of leadership have made Intel struggle to get a foot in the AI ​​industry dominated by Nvidia, while the rival AMD threatens its stronghold of the central processor market. In 2015, Intel agreed to pay $ 16.7 billion for Altera, the multiple chips of which are mainly deployed in telecommunications networks. In 2024, the US Chipmaker said it would seem to sell an interest in Altera – part of a broader plan to reverse his business. Altera has interest from Lattice Semiconductor Corp. and a group of buyouts drawn, Bloomberg News reported. Intel has lost the market share against opponents over the past few years and missed the shift to artificial intelligence defendants, a market now by the board of Nvidia Corp. Intel, CEO Pat Gelsinger, was dominated last year after his Comeback plan was slow to gain momentum. Tan, who recently entered the role of CEO, said about two weeks ago that the chipmaker will eliminate assets that are not central to its mission, will eliminate and create new products, including customized semiconductors, to better align himself with customers. Intel must replace the engineering talent who is lost, improve his balance sheet and better manufacturing processes for Attune to meet the needs of potential customers, Tan told the participants at a company conference. He did not specify which parts of Intel were no longer the key to the future. First published: 14 Apr 2025, 09:53 IST