Intel Rises 2.87% as Silver Lake Takes Majority Stake in $8.8B Altera Deal

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2025-09-16 06:21:02

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Intel shares climbed 2.87% to $24.77 after finalizing its $8.8 billion Altera divestiture to private equity firm Silver Lake. The transaction marks a strategic pivot for the chipmaker as it streamlines operations to compete with TSMC and Nvidia.

The company revised its 2025 expense target downward to $16.8 billion, reflecting Altera's deconsolidation. Despite generating $816 million revenue with 55% gross margins in H1 2025, Intel prioritizes focus on Core operations.

Separately, Intel secured $5.7 billion in U.S. government funding for its foundry business, selling a 10% equity stake. Market reaction remains cautiously optimistic as these moves reshape Intel's financial and competitive landscape.

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