Zhi Tong Cai Jing·2025-09-15 15:03Core Viewpoint - Intel (INTC.US) shares rose over 5% to $25.42 following the announcement of a reduction in its adjusted operating expense forecast for 2025 from $17 billion to $16.8 billion, primarily due to the exclusion of its programmable chip business, Altera, from the consolidated financial statements [1] Group 1: Financial Adjustments - Intel announced a decrease in its 2025 adjusted operating expense forecast from $17 billion to $16.8 billion [1] - The adjustment is attributed to the sale of 51% of its Altera business to Silver Lake, which will no longer be included in Intel's consolidated financial statements [1] - The transaction is expected to be completed on September 12, 2025, and will reflect Altera's performance in Intel's Q3 2025 consolidated financial statements from June 29, 2025, to September 11, 2025 [1] Group 2: Altera Business Performance - Altera's performance for the first half of 2025 showed revenue of $816 million and a gross margin of 55% [1] - Operating expenses for Altera during the same period were reported at $35.6 million [1] - Intel maintains its target for total operating expenses of $16 billion for the year 2026 [1]