Intel has decided to transfer its majority stake in Altera to Silver Lake for $4.46 billion in order to overcome its financial difficulties and to downsize its operations. This move is considered as part of the company’s restructuring process.

Intel has divested its majority stake in Altera

Intel acquired Altera in 2015 for $16.7 billion. This means that Altera’s current value has almost halved. Despite this, the deal is critical for the company to provide cash flow.

As part of the deal, Silver Lake will own 51% of Altera. Intel will continue to benefit from the company’s future success by retaining the remaining 49%. With this deal, Altera will become an independent company and will focus on programmable logic technologies.

In the new period, Altera; It plans to expand in growing markets such as artificial intelligence, cloud computing, edge systems and next-generation wireless networks, while also aiming to double its sales in its current areas of activity, such as automotive, aviation and communications.

On the Intel side, the company’s new CEO, Lip-Bu Tan, took office in March. Tan wants to restructure the company after the departure of his predecessor, Pat Gelsinger. The company’s strategy from now on will be to focus on core areas such as CPU, GPU, supporting platforms and chip manufacturing.

So what do you think about this? Do you think Intel will be able to reverse its difficult situation? You can share your views with us in the comments section below.