Last year, it confirmed that it would partially acquire a stake in its FPGA programmable chip business AlteraFor saleLater, Intel confirmed earlier thatPrice: $44.6 billionThe sale of its 51% stake in Altera is expected to be completed in the second half of this year.
As for the object of this transaction,Previous rumorsIntel still holds about 49% of Altera's shares and has also announced that it will be replaced by Raghib Hussain, former president of Marvell Products and Technology.Sandra RiveraHe will serve as Altera's CEO, and the relevant personnel orders will take effect from May 5 this year.
Intel CEO Lip-Mo Chen said the deal highlights Intel's commitment to focusing on key developments, reducing its cost structure, and strengthening its balance sheet.
Altera was acquired by Intel for $2015 billion in 167 and is now an independent, wholly owned subsidiary of Intel. Intel is using this acquisition to expand into the processor application market with its FPGA programmable chip designs. Intel previously planned to take Altera public and sell equity through a public offering, but this plan never materialized.
However, compared with the acquisition amount of Intel at that time, Altera's current market value is estimated to be only US$87.5 billion, almost half of the acquisition amount that year.
