Intel Sells 51% of Altera to Silver Lake. Streamlining of Corporate Structure and Intact Comeback Story!

As part of the restructuring and a future-oriented positioning, Intel (i) (INTC) has been in discussions for some time regarding the sale of Altera. The company specializes in FPGA – programmable chips – used in telecommunications networks. In 2015, the corporation was acquired for $17 billion. However, this proved to be a misstep. The current valuation has shrunk to $8.75 billion. Under the new CEO Lip-Bu Tan, Intel is pushing forward its focus on the core business, which does not include Altera. As Intel announced today, they will part...