Intel Sells Altera Stake
This is a news story, published by Engadget, that relates primarily to Altera news.
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IntelEngadget
•Technology
Technology
Intel is selling off a majority stake in chip-maker Altera for $4.46 billion
77% Informative
Intel sells 51 percent stake in chip-maker Altera for $4.46 billion .
Altera makes field programmable gate array chips, used to power retro gaming consoles.
New CEO Lip-Bu Tan is expected to help streamline the company's business.
The sale should provide some cash flow to Intel at a critical juncture.
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