Changes in US stocks | Intel (INTC.US) rose more than 4% to announce the sale of 51% of its programmable chip business Altera

The Zhitong Finance App learned that on Monday, Intel (INTC.US) rose more than 4% to $20.55. According to the news, on April 14, Intel announced that it had reached a final agreement with the private equity firm Silver Lake (Silver Lake) to sell it 51% of Altera's programmable chip business. The deal valued Altera at 8.75 billion US dollars. After the deal is completed, Intel will continue to hold the remaining 49% of Altera's business.

According to reports, Altera is a global leader in the field of programmable chips, focusing on FPGA (field programmable gate array), CPLD (complex programmable logic device), and structured ASIC technology. Its products are widely used in communications, data centers, and industrial automation.