TLDR
- Intel sells 51% of Altera to Silver Lake, valuing the unit at $8.75 billion
- Intel will retain a 49% stake and receive $3.4 billion in cash
- Altera to focus on high-growth AI and edge computing sectors under new leadership
- https://coincentral.com/intel-corporation-intc-stocks-offloads-majority-stake-in-altera-strategic-pivot-or-risky-retreat/
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