(Bloomberg) – Silver Lake Management is in exclusive conversations to acquire a majority stake in the programmable chips unit of Intel Corp., said people with knowledge of the matter.
Most of them read from Bloomberg
The private equity company throws details of an investment in Altera, whose multi-use chips are mainly used in telecommunications networks, according to people.
Although discussions are at an advanced stage, the exact size of the ring has not been established, people said. Conversations can still be postponed or falter, they said, and asked not to be identified about confidential information.
Spokespersons for Intel and Silver Lake refused to comment.
Shares in Intel rose no less than 17% on Tuesday for their largest intraday win in almost five years. The share received a boost of speculation earlier in the day that Intel could be broken in a deal with Taiwan Semiconductor Manufacturing Co. Intel shares rose around 15% at 3:37 PM in New York, giving the company a market value of approximately $ 117 billion.
Santa Clara, California established Intel voted in 2015 to pay around $ 17 billion to acquire Altera.
Intel said last year that it would like to sell an interest in Altera – part of a broader plan of the chip maker to reverse his company. Bloomberg News reported in November that Altera was interested in Lattice Semiconductor Corp. And a group of buy -out companies. People who are familiar with the case said that some Vrijers Altera had only appreciated $ 9 billion.
Once dominant in the chip industry, Intel has lost the market share to rivals in recent years and has also missed the shift to artificial intelligence accelerators. Last year, the Council of Intel deposited Chief Executive Officer Pat Gelsinger after his comeback plan was slow to get strength and the company was looking for a new leader.
-With help from Ian King.
(Adds shares in the fourth paragraph.)
Most read from Bloomberg Businessweek
© 2025 Bloomberg LP
