Intel completes sale of 51% of Altera to Silver Lake for $3.3B; retains 49%

INTEL CORP

• Silver Lake acquired 51% of Altera for ~$3.3B equity value; Intel retains 49% interest.
• Altera's H1 2025 revenue was $816M with gross margin 55% and operating expenses $356M.
• Intel revised FY2025 non-GAAP op-ex target to $16.8B from $17B due to Altera deconsolidation.
• FY2026 non-GAAP op-ex target unchanged at $16B; Altera accounted under equity method from Sep 12.