intel to sell - Intel Eyes Sale of $17B Altera Business as INTC Gets Boost
Amid what has been a down period for the tech company, Intel (INTC) is reportedly eyeing the sale of its Altera business at a $17 billion valuation. The move has given the company’s stock a slight boost, as it is looking to offload a minority stake in its programmable chipmaking sector.
Since it unveiled is Q2 earnings report, things have looked grim for Intel stock. Yet, there is a chance that an Altera sale could begin to get things back on track for the firm. An outside investment could