secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2025-04-14T23:59:59+00:00
Accession:  0001193125-25-079727
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000119312525079727/0001193125-25-079727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000119312525079727/d901587d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-079727

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer