
Intel shares rise on sale of Altera unit to Silver Lake
Investing.com -- Intel Corporation (NASDAQ:INTC) stock climbed 3% in trading Monday following the company’s announcement that it has sold 51% of its programmable chips division, Altera, to private equity firm Silver Lake Management for $4.46 billion.The deal comes as part of Intel’s strategic shift to divest non-core businesses, aiming to streamline operations and focus on its main areas of gr ...