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The Latest Breaking News from Altera

Intel Considers Selling Minority Stake In Altera Amid Financial Struggles: Report

Intel is reportedly targeting a valuation of $17 billion for Altera, a slight increase from the $16.7 billion it paid for the company nine years ago.

International Business Times

Intel outlines a plan to get back in the game: Pause fab projects in Europe, make the foundry unit an independent subsidiary, and streamline the x86 portfolio

Intel reviews its projects and product plans as part of the turnaround plan introduced in August.

Tom’s Hardware

Qualcomm reportedly explores buying portions of Intel's PC client business

Qualcomm explores ways to diversify its business into the PC space, eyes Intel's client PC unit.

Tom’s Hardware

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Intel's missed AI opportunity might prompt it to pump the brakes on its $32 billion Magdeburg project and sell Altera to keep the lights on

Intel is slated to present a new plan to the board of directors, including a new expenditure roadmap with significant budget cuts.

Windows Central

Marvell Seen As Possible Buyer Of Intel's Altera Unit

Marvell Technology is a likely bidder for Intel's Altera unit should Intel decide to sell the programmable chip business.

Investors Business Daily

Intel CEO will reportedly present plans to cut assets at an emergency board meeting — chipmaker may put $32B Magdeburg plant on hold and sell off Altera

Intel CEO Pat Gelsinger is expected to meet with the board of executives this month to share potential plans on what to cut from Intel to turn around the company. Intel's Foundry wing will not be on the chopping block, but Intel's in-progress Magdeburg fab will likely be canceled.

Tom’s Hardware

MediaTek to Add NVIDIA G-Sync Support to Monitor Scalers, Make G-Sync Displays More Accessible

NVIDIA on Tuesday said that future monitor scalers from MediaTek will support its G-Sync technologies. NVIDIA is partnering with MediaTek to integrate its full range of G-Sync technologies into future monitors without requiring a standalone G-Sync module, which makes advanced gaming features more accessible across a broader range of displays.…

AnandTech

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Intel loses $1.6 billion as data center CPU and foundry divisions struggle

Intel announces major cost-cutting plan to resize and refocus as it loses $1.6 billion on $12.8 billion revenue in Q2 2024.

Tom’s Hardware

This Underperforming Chip Stock Wants to Take On Nvidia. Is It a Buy?

With YTD losses in excess of 40%, Intel is the worst-performing S&P 500 constituent in 2024, and has completely missed out on the rally in chip stocks that helped catapult Nvidia to record highs. Is INTC stock a buy after its long stretch of underperformance?

Barchart

Intel's revenues are up year-over-year, but foundry unit loses $2.5 billion

Almost all of Intel's business units were profitable in Q1, except manufacturing unit that made record $2.5 billion loss.

Tom’s Hardware

'Awesome Branding Move': Intel recycles Altera brand for its PSG group — and it may well have been decided over a dinner in 2023

Intel believes the newly named Altera will fare better as an independent entity.

TechRadar

Intel spins off Altera: A standalone FPGA company under Intel ownership

Intel launches Altera as a standalone company to better compete for emerging market opportunities.

Tom’s Hardware

Intel's Planned Spinoff Is A Sign The Chipmaker Needs Cash

Intel's plan to separate its programmable chip business into a stand-alone company signals that the iconic chipmaker needs cash.

Investors Business Daily

Intel stock jumps after unveiling plans to spin-off chip division

Intel plans to spin-off its PSG division, which it purchased from Altera for around $17 billion in 2015, over the next two years.

The Street

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AnandTech

Intel to Spin-off Programmable Solutions Group as Standalone Business, Eyeing IPO in 2-3 Years

Intel this afternoon has announced that the company will be spinning off its programmable solutions group (PSG), to operate as a standalone business. The business unit, responsible for developing Intel’s Agilex, Stratix, and other FPGA products, will become a standalone entity under Intel’s corporate umbrella starting in Q1 of 2024,…

Asharq Al-Awsat

Drydocks World, Aker Solutions to Upgrade Production at UK Rosebank Field

Drydocks World, a DP World Company, and Aker Solutions have formed a joint venture to upgrade a Floating Production Storage and Offloading (FPSO) vessel for the Rosebank oil and gas field in the UK. The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine…

Insider UK

Floating offshore vessel workers set to strike

Around 60 staff are set to take industrial action from 5 August

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