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Intel is seeking an investor for a stake in its Altera chip unit, CNBC reports

The US tech giant is seeking a deal that values the programmable chip unit at around $17 billion.

By: Business Insider

Oct 20 2024
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Intel is seeking an investor for a stake in its Altera chip unit, CNBC reports

Intel CEO Pat Gelsinger has previously mentioned that Intel was looking to sell part of its stake in Altera.I-HWA CHENG/ Getty Images

Intel is looking for an investor to acquire a stake in i… [+2147 chars]

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Sources: Intel is looking to sell at least a minority stake, or possibly a majority stake, worth billions in its Altera subsidiary at a valuation of around $17B (Rohan Goswami/CNBC)

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Sources: Intel is looking to sell at least a minority stake, or possibly a majority stake, worth billions in its Altera subsidiary at a valuation of around $17B (Rohan Goswami/CNBC)