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Intel, Altera
Altera CEO Sandra Rivera denies Intel is looking to sell the company
In an interview with CRN, Sandra Rivera (pictured) said Intel is sticking with its original plan of selling a smaller stake in the company, before spinning it off via an initial public offering in 2026 at the latest.
Intel won’t sell off its programmable chip business: Altera CEO
Sandra Rivera emphasized that Intel has always planned to sell a stake in Altera rather than fully divesting from it, to take the company public by 2026.
Intel’s Struggles: From Chip King to a Company on the Brink
Intel is considering breaking up amid struggles and declining market position. Morgan Stanley has been hired to protect against activist investors, with rumors of Qualcomm interest. Investors face uncertainty as Intel’s future direction remains unclear.
Mobileye, Intel
Intel Says It Won't Sell Mobileye, Ruling Out One Option To Raise Capital
Key Takeaways Intel said it will not sell its majority stake in Mobileye, which develops technology self-driving vehicle companies. Selling part or all of Mobileye could have raised some capital as part of Intel's larger turnaround plans.
Down More Than 50%, Can Intel Stock Rebound on New Foundry Plans?
The company also announced an expanded deal with Amazon, in which the two companies will co-invest in custom chip designs. Intel's foundry will also produce artificial intelligence (AI) fabric chips for Amazon Web Services using Intel's newest 18A technology, as well as Xeon 6 chips using its Intel 3 technology.
Mobileye Jumps After Intel Says It Won’t Sell Majority Stake
Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology, easing investors’ fears.
In Depth
CRN
8d
In Depth
Exclusive: Altera CEO Says Intel’s IPO Plan For FPGA Unit ‘Has Not Changed’
Altera CEO Sandra Rivera tells CRN in an exclusive interview that Intel’s plan to sell a stake in the FPGA business and push ...
3d
Intel forges path to probable capital incineration
Intel is a chipmaker, just not one of the exciting ones. Boss Pat Gelsinger is trying desperately to change that: on Monday ...
10h
Intel CEO announces major restructuring, tells employees: “We need to fight for
Intel is transforming its foundry business into an independent subsidiary to enhance competitiveness in the semiconductor ...
The Motley Fool on MSN
11d
Intel Might Need to Shrink to Grow Again
It’s reportedly mulling a spinoff or sale of its foundry division. It could also sell its programmable chipmaker
Altera
.
3d
Intel foundry business to make custom chip for Amazon, chipmaker's shares jump
Amazon's AWS cloud computing division already designs several chips for use in its data centers and has hired Intel to ...
2d
Intel Stock: Finally At The Right Price
Intel stock has surged recently due to positive developments, including an expanded partnership with Amazon AWS. See more on ...
3d
What's Going On With Intel Stock On Tuesday?
Intel stock gains momentum after CEO announces restructuring plan, $3 billion grant and partnership with Amazon. Stock up ...
2d
on MSN
That's The Only Way To Quiet Our Critics': Intel CEO Pat Gelsinger
Intel is reorganising its foundry division as a standalone entity to boost its competitive edge in the semiconductor market.
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Mobileye
Pat Gelsinger
Amazon
foundry business
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