Intel Plans To Sell Part of Its Altera Stake and Teases New Deal With AWS

Intel is selling off part of its stake in Altera. According to Intel CEO Pat Gelsinger, the move will help the chipmaker raise capital “on Altera’s path to an IPO” as well as make room for Intel Foundry to become a wholly owned subsidiary. The announcement came in a memo issued to employees after Intel executives met earlier this week to discuss the direction and future of the company.
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