Intel seeks billions for minority stake in Altera business, sources say
Publishing timestamp: 2024-10-18 01:33:13
Summary
Intel is looking for an investor to acquire at least a minority stake in its Altera subsidiary for billions of dollars. The sale process represents a change from Intel's previous plans to potentially monetize Altera through an IPO. The move comes as Intel has faced stock price drops and market share losses, with Qualcomm expressing interest in acquiring the company. Intel's stock was up more than 1% following the news.
Sentiment: MIXED
Tickers: NVDA, QCOM, INTC, AMD,
Keywords: breaking news: technology, qualcomm inc, intel corp, advanced micro devices inc, nvidia corp, business news, technology, breaking news,