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2025-04-14 14:44:31
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Calcalist - by layer3.news on Nostr: calcalist.co.il ✍️ Intel sells 51% stake in Altera to Silver Lake for $8.75 ...



✍️ Intel sells 51% stake in Altera to Silver Lake for $8.75 billion, as part of its efforts to focus on core business and reduce costs.
👉 Intel sells 51% stake in Altera to Silver Lake for $8.75 billion
👉 Deal is part of Intel's efforts to focus on core business and reduce costs
👉 Altera specializes in programmable logic devices for telecommunications, automotive, and industrial automation
👉 Company's products are highly customizable and can be programmed to perform specific tasks

#Lip-BuTan,IntelCEO #RajivChugh,formerMarvelandCiscoexecutive #SandraRivera,formerIntelexecutive #KenHao,SilverLakeCEO #USA #business


Altair will sell 51% of Altair to a consortium for $8.75 billion, less than half of the value at which it acquired it in 2015. Rajeev Chaudhry, former head of products and technology at Marvel and a former executive at Cisco and Cadence, will replace Sandra Rivera as CEO of Altair from May 2025.
https://www.calcalist.co.il/calcalistech/article/hy3x59c0ye

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