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Intel Sells Majority Stake in Altera to Silver Lake for $8.75 Billion

The deal, part of Intel's restructuring strategy, positions Altera as an independent entity while Intel retains a 49% stake.

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Overview

  • Intel has agreed to sell a 51% majority stake in its Altera programmable chip business to private equity firm Silver Lake, valuing the unit at $8.75 billion.
  • The transaction is expected to close in the second half of 2025, with Altera becoming operationally independent and focusing on AI, edge computing, and advanced semiconductor applications.
  • Intel will retain a 49% minority stake in Altera, ensuring it remains involved in the unit's future growth and strategic direction.
  • Raghib Hussain, formerly of Marvell Technology, will succeed Sandra Rivera as Altera's CEO, effective May 5, 2025.
  • This sale marks a significant step in Intel's efforts to streamline operations, address financial pressures, and refocus on core chip manufacturing and advanced technologies.