Intel Wraps Up Altera Stake Sale In Bid To Streamline Business

Intel Corp. (NASDAQ:INTC) shares rose on Monday after the company announced the completion of a long-anticipated deal to sell a majority stake in its Altera business to Silver Lake. The transaction, originally signed on April 14, 2025, closed on September 12 after meeting all conditions.

Under the agreement, Silver Lake acquired 51% of Altera for about $3.3 billion, while Intel retained a 49% interest. Both parties contributed their holdings to a newly created limited partnership and signed an amended and restated partnership agreement.

Intel’s third-quarter 2025 financials will include Altera’s results from June 29 to September 11, after which Intel will account for its minority stake under the equity method.

Also Read: Intel Growth Challenges Are Not Over Despite Altera Stake Sale: Analyst

In the first half of 2025, Altera generated $816 million in revenue with a 55% gross margin and $356 ...