Billion Deal: Intel makes cash register to overcome its crisis

Stricken US Chip Group Intel has agreed to sell 51 percent of the partnership in Altera, the manufacturer of the US Capital Participation Company Silver Lake, the manufacturer of Asics and Programable Integrated Circuit for $ 4.46 billion. Market supervisors evaluate sales as the first major step of the new Intel’s CEO Lip-Bu Tan to overcome the serious crisis of the group.

The business, Reuters News Agency told on MondayRate with “$ 8.75 billion only”. Intel paid $ 16.7 billion in 2015 for the acquisition of FGPA expert. In 2024, Altera recorded a $ 1.54 billion sales, according to the Reuters, corresponds to only three percent of the total sales of Intel, and the loss of the $ 615 million. Altera’s sales in view of development, this is definitely not the best time for sale. On the other hand, Deal Intel will have immediate cash supply, calling Reuters.

The sale of assets, including Intel’s involvement in elta, focus on the tan strategy for the chip manufacturer’s slimming. Tan returned to Intel in March. He not only captured the main position, but also a seat in the board of directors. On the occasion of his order, Tan said, “I see a lot of opportunities to re -design our business so that it can serve our customers better and generates value for our shareholders.”

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Intel in crisis

Intel has been in heavy fair for years, not at least because the company has fallen behind the world’s most modern manufacturing processes. The company continues to write deep red numbers. To reduce the cost quickly, the distressed semiconductor group used a rigid job cut. About 15,000 jobs – about 15 percent of the workforce – is to be abolished. In early December 2024, Intel retired his CEO Pat Gailinger. The latter followed the course with a billion dollar investment, to establish an Intel Foundry, Pitle Group’s order manufacturing business, to establish a competition with TSMC leader TSMC. This burdened Intel’s finance, but Asha did not succeed. Intel’s transitional co -owners have motted the employed AI chip. Above all, Intel is in dire need of capital to master group crisis.

Earlier last year, Altera was already prepared for sale when Intel Altar revived as an independent company. Altera is a specialist for programmable chips that can be used for various purposes in industries from telecom to army. Later reports showed that Intel also plans to partial sales of its department for FPGA building blocks. In addition, there were rumors about a potential idre from Altera or a sales to the competitive Marvell. Instead, the sale of majority stake for Silver Lake. “Today’s announcement reflects our commitment to intensifies our attention, reduce our cost structure and strengthen our balance sheet,” Tan is quoted by Reuters. Transactions are expected for the second half of this year.

(AKN)