Intel Corporation (INTC) Stock: Selling Altera While Eyeing NVIDIA’s Chip Business – MoneyCheck

Intel Corporation (INTC) Stock: Selling Altera While Eyeing NVIDIA’s Chip Business – MoneyCheck

TLDR

  • Intel shares up 2.6% on report of potential Altera unit sale to Silver Lake
  • Sale could be announced this week, valuing unit at around $9 billion
  • Altera was acquired in 2015 for $17 billion, now worth less
  • New CEO Lip-Bu Tan considering AI…

Article Source
https://moneycheck.com/intel-corporation-intc-stock-selling-altera-while-eyeing-nvidias-chip-business/