Intel's $3.3B Altera Sale: A Chip Off the Old Block?

Intel's stock jumped after selling a majority stake in its Altera chip business to Silver Lake for $3.3 billion, lowering operating expenses. This follows a recent U.S. government investment of $8.9 billion for nearly 10% ownership, boosting American tech. Despite these gains and a 24% year-to-date increase, Intel's stock remains volatile, with long-term investors still facing lower returns. Hosted on Acast. See acast.com/privacy for more information.