---
schema_version: "secwatch.filing_event.v1"
accession: "0000050863-25-000153"
form_type: "8-K"
ticker: "INTC"
cik: "0000050863"
company_name: "INTEL CORP"
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:41:31.215012+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000050863-25-000153
- form_type: 8-K
- ticker: INTC
- cik: 0000050863
- company_name: INTEL CORP
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50863/000005086325000153/0000050863-25-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50863/000005086325000153/intc-20250912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050863-25-000153
- JSON: https://secwatch.observer/filing/0000050863-25-000153.json
- Plain text: https://secwatch.observer/filing/0000050863-25-000153.txt

## Key facts
- M&A Transactions
  INTEL CORP completed a disposition involving an affiliate of Silver Lake for approximately $3.3 billion for 51% equity interest (closed 2025-09-12).
  - Action: disposition
  - Counterparty: an affiliate of Silver Lake
  - Consideration: approximately $3.3 billion for 51% equity interest
  - Closing: 2025-09-12
  source text: Item 2.01 Completion of Acquisition or Disposition of Assets. As previously disclosed, on April 14, 2025, Intel Corporation (“Intel”), Intel Americas, Inc. (“Intel Americas” and together with Intel, the “Sellers”), Altera Corporation, at the time a wholly owned subsidiary of Intel (“Altera”), and an affiliate of Silver Lake (“Purchaser”), entered into a transaction agreement (as amended, supplemented or otherwise modified from time to time, the “Transaction Agreement”), pursuant to which Intel would sell a majority interest in its Altera business to the Purchaser (the “Transaction”). Following the satisfaction of the closing conditions of the Transaction Agreement, the closing of the Transaction was consummated on September 12, 2025, at which time: (i) the Purchaser acquired 51% of the equity interests of Altera for an equity value of approximately $3.3 billion, with Intel retaining the remaining 49% interest; (ii) each of Intel and the Purchaser contributed such equity interests in
  evidence_url: https://www.sec.gov/Archives/edgar/data/50863/000005086325000153/0000050863-25-000153-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.