Intel sells 51% of Altera to Silver Lake at $8.75B; Raghib Hussain named Altera CEO

INTEL CORP

Silver Lake to acquire 51% controlling stake; Intel retains 49%.
Altera valued at $8.75B; transaction expected to close H2 2025.
Raghib Hussain appointed Altera CEO effective May 5, 2025; succeeds Sandra Rivera.
Altera FY2024 revenue $1.54B; GAAP operating loss $615M; non-GAAP operating income $35M.
Intel expects to deconsolidate Altera after close; cites sharper focus and stronger balance sheet.

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