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Intel Sells 51% Stake in Altera to Silver Lake

2025-04-14

Intel announced it has agreed to sell a 51% stake in its FPGA subsidiary, Altera, to Silver Lake, a global technology investment firm, for $8.75 billion. This move aims to improve Intel's financial position and grant Altera greater independence to focus on growth in the AI-driven market. Altera CEO Sandra Rivera will step down, to be replaced by Raghib Hussain, former president of Products and Technologies at Marvell. The transaction is expected to close in the second half of 2025, leaving Intel with a 49% stake.

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Intel Adjusts Ohio Chip Plant Timeline

2025-03-04

Intel announced a revised timeline for its Ohio One chip manufacturing facility. Mod 1 is now slated for completion in 2030, with operations beginning between 2030 and 2031. Mod 2 completion is projected for 2031, commencing operations in 2032. The adjustment, Intel explains, prioritizes financial responsibility and allows for flexibility based on market demand. Despite the revised timeline, Intel reaffirms its long-term commitment to Ohio, continuing investments and hiring efforts in the state.