Intel U-turn, may sell chip subsidiary it called ‘core part of future'

Intel considers selling a minority stake in its programmable chip unit, Altera, valuing it at $17 billion amidst severe financial challenges and declining stock prices. The move marks a significant shift from its previous strategy and is part of a broader restructuring effort, including job cuts and halting new plant construction in Europe.

from Times of India https://ift.tt/pCmwl6M