Intel Outside the majority of the chips maker, as part of the new CEO steps towards installing the company. The 51 percent stake has been sold today for $ 4.46 billion in a deal expected to be closed in the second half of this year. “The announcement of today reflects our commitment to our focus, which reduces our expenses and enhancing our public budget,” said Lip-Bu Tan.
Altera makes the field programming group chips, which are often used to run reactionary devices such as Keyboards. Other company products have applications ranging from military communication sectors. Intel Altera in 2015 for $ 16.7 billion, which means that her current evaluation has been diving since the purchase. However, the sale must provide some cash flow to the Intel in a critical turn.
It was Tan Intel CEO in March, after the departure of Pat Geelsiner as the best executive of the company. It is expected to help change the next company cycle One of the bad decisions, and from the beginning of his appointment, it seems likely that Intel sees some simplification of its work.
This article was originally appeared on Engadget on https://www.engadget.com/big-tech/intel-is-Selling-af-a-majority-stake-
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