Intel does another U-turn, looking to sell a part of its chip subsidiary that it called ‘core part of its future’

Intel is exploring stake sale in Altera, its programmable chip subsidiary. The chipmaker is aiming to sell a minority stake in Altera, sources familiar with the matter told CNBC. Quoting people with knowledge of the matter, the report said that Intel is seeking a deal that values Altera at around $17 billion.
Intel has reportedly approached potential investors, including private equity firms, about acquiring a significant portion of the business, with the possibility of selling a majority stake.