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