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Stock impact report

Intel to sell majority stake in Altera to Silver Lake [Yahoo! Finance]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
This transaction values Altera at $8.75bn, with Intel retaining a 49% ownership stake in the unit. In March 2024, Intel launched Altera as its stand-alone field-programmable gate array (FPGA) company. Altera provides programmable solutions for industrial, communications, data centre, military, aerospace, and government sectors, as well as emerging markets like AI/edge and robotics. Its portfolio includes semiconductor solutions, software, and development tools that enhance customer technology innovation. Intel CEO Lip-Bu Tan said: “Altera continues to make progress repositioning its product portfolio to participate in the fastest growing and most profitable segments of the FPGA market. “We look forward to partnering with Silver Lake upon closing of the transaction, as their industry expertise will help to accelerate Altera's efforts and unlock additional economic value for Intel.” Intel will receive approximately $3.4bn in cash from Silver Lake as part of the deal, accord Show less Read more
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