News Summary

Intel Corp. is finalizing an agreement to sell a stake in its Altera programmable chips unit to Silver Lake Management. This move is part of Intel’s strategy to divest non-central assets. The Altera unit, which Intel acquired for approximately $17 billion in 2015, has also attracted interest from other companies such as Lattice Semiconductor Corp. The sale is indicative of Intel’s broader efforts to streamline its operations amidst challenging market conditions.