Intel sells majority stake in Altera for $4.5 billion in restructure
In a significant move signalling a strategic shift under its new CEO, Lip-Bu Tan, Intel today, April 15, 2025, announced the sale of its majority 51 percent stake in chip-maker Altera for $4.46 billion. The deal is anticipated to close in the second half of this year.
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“Today’s announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet,” stated CEO Lip-Bu Tan regarding the divestiture.
Altera specializes in field programmable gate array (FPGA) chips, which are utilized in various applications, including powering retro gaming hardware like Analogue consoles, as well as in the military and telecommunications sectors. Intel’s acquisition of Altera in 2015 for $16.7 billion highlights a substantial decrease in the chip-maker’s current valuation. Nevertheless, the sale is expected to provide Intel with crucial cash flow as the company navigates a period of restructuring.
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Lip-Bu Tan assumed the role of Intel CEO in March 2025, succeeding Pat Gelsinger. His appointment is expected to usher in a new direction for the company following a series of challenging decisions, and the streamlining of Intel’s business operations was widely anticipated from the outset of his leadership.
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