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"Background difficulties: Intel sells control of Altera for a reduced price of $8.75 billion"
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"Intel has announced that it will sell its 51% stake in Altera, a leading provider of programmable logic devices, to Silver Lake for $8.75 billion. The deal is part of Intel's efforts to focus on its core business and reduce costs. Altera specializes in designing and manufacturing programmable logic devices, which are used in a wide range of applications, including telecommunications, automotive, and industrial automation. The company's products are highly customizable and can be programmed to perform specific tasks, making them attractive to a wide range of customers."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq5zdqs8pe2w97wnpnl3yq4tzp2n8wpy2z5pn0hl46kn8m5fezld9q8vm2lw\nhttps://pic1.calcalist.co.il/picserver3/crop_images/2024/09/08/BkYWMDj2C/BkYWMDj2C_0_108_1200_676_0_large.jpg\nAltair 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.\nhttps://www.calcalist.co.il/calcalistech/article/hy3x59c0ye",
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