Intel Targets Lower Spending With Altera Sale Complete
Summary
Semiconductor giant Intel (INTC 2.74%) agreed earlier this year to sell a majority stake in FPGA designer Altera to an i...
Semiconductor giant Intel (INTC 2.74%) agreed earlier this year to sell a majority stake in FPGA designer Altera to an investment firm. Intel paid $16.7 billion for Altera back in 2015, but it was never able to thrive within the larger company.