:max_bytes(150000):strip_icc()/GettyImages-2169879530-d7c7fe8e39f94a77bc6fef2748a52b06.jpg?w=1920&resize=1920,1267&ssl=1 "Intel Could Soon Sell Majority Stake in Its Altera Programmable Chip Unit | Global News Avenue")
Intel Could Soon Sell Majority Stake in Its Altera Programmable Chip Unit
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Key Points
- Intel is selling a majority stake in its Altera programmable chip unit in advanced talks, Bloomberg Report Tuesday.
- After the weekend report said Broadcom and TSMC were considering bidding for part of the fancy manufacturer.
- Intel’s stock surged on Tuesday, but still lost more than a third of its value in the past 12 months.
Private equity firm Silver Lake Management is entering into a deal to buy a majority stake in Intel (INTC) Altera programmable chip unit, according to Bloomberg Report Tuesday.
The report said the transaction size has not been determined. Silver Lake declined to comment on the report, and Intel did not immediately respond to a request for comment.
In Tuesday’s news and weekend coverage, Intel shared chip designer Broadcom (Tuesday’s news and coverage) (Tuesday) rose 16% (avgo) and Taiwan Semiconductor Manufacturing Company (TSM) yes Consider bidding Used as part of a fancy manufacturer. Broadcom is reportedly considering buying Intel’s chip design business, while TSMC focuses on manufacturing deals.
Discussions surrounding Intel are also underway due to speculation that the company’s foundry business may benefit from the U.S. government’s support for the domestic chip manufacturing industry. Last week, Vice President JD Vance says The Trump administration wants AI Chips designed and manufactured in the United States
Despite Intel’s share price rising 16% on Tuesday, the stock has still lost more than a third of its value over the past 12 months.
Updated – feb. 18, 2025: Since its first release to reflect Silver Lake, this article has been updated, refusing to comment on the report’s transaction negotiations.
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