Intel's Strategic Move: Altera Chip Division on the Block

Intel Corporation has reportedly shortlisted potential acquirers for its Altera chip division, inviting formal offers in January, according to local news outlets. Among the interested parties are prominent private equity firms like Francisco Partners and Silver Lake Management, alongside Lattice Semiconductor Corp., all vying in the second round of bidding for Altera.

Known for its expertise in designing low-power programmable chips, the Altera division is a strategic asset for any tech company. Intel's decision to divest this segment is part of its broader strategy to optimize business operations, aiming to enhance focus on core sectors such as cutting-edge semiconductor technology and artificial intelligence.