Intel seeks billions for minority stake in Altera business, sources say

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022.Intel is looking to sell at least a minority stake in its Altera subsidiary that would raise several billion dollars in cash for the struggling firm, according to people familiar with the matter. This move that would represent a sharp about face from its ...