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Intel Completes Altera Stake Sale, Revises Spending Outlook
Intel Completes Altera Stake Sale, Revises Spending Outlook
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BTCCSquare news:
Intel has finalized the sale of a 51% stake in its FPGA subsidiary Altera to a private investment firm, netting $3.3 billion while retaining minority ownership. The deal marks the end of a troubled acquisition that failed to deliver growth—Altera's $816 million H1 2025 revenue barely surpassed its 2014 quarterly performance of $454 million under Intel's stewardship.
The semiconductor giant now expects 2025 adjusted operating expenses to dip to $16.8 billion from $17 billion, with Altera's financials shifting to equity accounting after September 11. This strategic retreat underscores Intel's focus on cost discipline as it reallocates resources toward Core manufacturing initiatives.
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