Intel is considering selling a portion of Altera’s shares, the FPGA chip manufacturing company owned by Intel, according to sources related to CNBC. Intel is not looking to sell all of the shares, but is seeking investors to purchase a part of them to generate additional cash flow.
The valuation of Altera’s business that Intel is looking to reference is estimated at around $17 billion, which is close to the price at which Intel acquired Altera in 2015 for $16.7 billion.
Although Intel’s representatives have declined to comment on this news report, Intel has previously mentioned plans to unlock the value of Altera by taking the IPO route in 2026, suggesting that the sale of a portion of shares could be part of this IPO strategy as well.
Source: CNBC
TLDR: Intel is considering selling a portion of Altera’s shares to generate additional cash flow, with a valuation around $17 billion and potential IPO plans for Altera in 2026.
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