Intel Corp. Announces Major Stake Sale to Silver Lake

In a landmark move, Intel Corp. revealed plans to sell a 51% stake in its Altera Corp. division to Silver Lake Technology Management L.L.C. This deal, valuing Altera at a staggering $8.75 billion, is set to redefine Altera's operational independence. The transaction is anticipated to finalize in the latter half of 2025.

Leadership Transition and Future Prospects

Altera is poised for a leadership overhaul, with Raghib Hussain stepping in as CEO on May 5, succeeding Sandra Rivera. Hussain expressed optimism about Altera's future, stating, "With Silver Lake's proven expertise and our newfound independence, Altera is primed to accelerate innovation in FPGA-based solutions, driving the next wave of AI-driven computing."