Intel sells Altera chip unit to PE group Silver Lake

Intel says it will keep Oregon campus it had considered closing

The chipmaker is scaling back its real estate footprint to save money but decided its Hawthorn Farm site is "essential."

'Once-in-a-generation opportunity': Silver Lake may have struck gold with controlling majority in chip designer once worth almost $17bn

Intel sells 51% of its FPGA business to Silver Lake so it can focus on its core products.

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Intel sells majority stake in Altera to Silver Lake investors in a deal valued at $8.75B

Intel announced Monday that it was selling the majority of its Altera chip business to technology investor Silver Lake in a deal valued at $8.75 billion. Silver Lake will own 51% of Altera, which Intel acquired in 2015 for $16.7 billion in an effort to expand its business into chip markets focused on wireless, automobiles and other products. At the time, it was the biggest deal in Intel Corp.’s history. Intel spun Altera off into an independent …

Intel Dumps Altera at a Huge Loss @themotleyfool #stocks $INTC

Intel to sell majority stake in Altera for $4.46B

The sale to private equity firm Silver Lake comes as the chipmaker looks to shore up its finances.