Intel’s latest power play? Offloading a massive 51% chunk of Altera for $4.46 billion—yeah, you read that right. 💸 The tech sphere’s abuzz, and honestly, who can blame them? Slated to close later this year, this move screams ‘new direction’ under CEO Lip-Bu Tan’s fresh leadership. ‘Sharpening our focus and strengthening our balance sheet,’ Tan declares. And let’s be real, after the rollercoaster Intel’s been on, it’s about time. �
Remember Altera? Those FPGA chips they make are the unsung heroes behind everything from your favorite Analogue retro gaming console to some seriously high-stakes military tech. Intel snagged them for $16.7 billion in 2015, and now… well, let’s just say the resale value didn’t exactly hold up. But in the grand chess game of tech, sometimes you’ve gotta trade a queen to save the king. 🤷♂️
Since Tan took the reins in March, Intel’s been on a mission to rewrite its story. This sale? Just the opening act. Buckle up, because if this is any indication, we’re in for one heck of a ride. 📈
