Intel reportedly in talks to sell minority stake in Altera

Intel is in talks to sell a minority stake in its programmable chip division, Altera, hoping to raise billions of dollars. Reports suggest that Intel is contacting private equity funds and other investors through investment banks, with some potential investors showing interest in becoming major shareholders of Altera. Intel is using a valuation of $17 billion as a benchmark to ensure no loss on its early investment. Intel acquired Altera for $16.7 billion in 2016, and the sale plan has not been finalized at this stage