In a twist that even M. Night Shyamalan would appreciate, Intel has decided to sell its majority stake in Altera—a programmable chips company it gobbled up back in 2015. For a crisp $4.46 billion, the investment firm Silver Lake is swooping in to buy 51% of Altera faster than you can say “chipmaker overhaul!”
This move comes just weeks after the new CEO, Lip-Bu Tan, strapped on his superhero cape and declared a massive revival effort for Intel’s struggling manufacturing business. It’s like he walked into the office and said, “Forget the past—let’s get this thing back on track!”
So, what does this mean? Well, it seems Intel is ready to embrace change, hopefully without channeling too much of its inner Blockbuster by staying stuck in the past. Can selling part of Altera be the first step in a grand renaissance for the chip giant? Only time will tell, but for now, it’s a game of corporate musical chairs—who will sit down with the best chips on the table?
What do you think? Is Intel on the verge of something great or just shuffling deck chairs on the Titanic?
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