On Monday, Intel announced the sale of a 51% stake in its Altera division to the private equity firm Silver Lake. Valued at US$8.75 billion, the deal marks a pivotal moment in the chipmaker’s financial strategy. As Intel aggressively cuts costs to strengthen its balance sheet, the infusion of capital will support its transition toward being a contract manufacturer—a move that underscores the company’s long-term vision.

Intel Corp. has taken a significant step in its reorganization strategy by agreeing to sell 51% of its programmable chip division, Altera, to investment firm Silver Lake Management. Valued at $8.75 billion, this transaction reflects Intel's plan to divest non-core assets and optimize its corporate structure.

Intel Corporation continues its active efforts to reallocate resources and focus on its key business areas. On Monday, the company announced the sale of 51% of its programmable chip division, Altera, to private investment firm Silver Lake Management. The deal is valued at $4.46 billion, placing the full business valuation at $8.75 billion.