Intel is The department of their majority in the front share in Altera as part of the first steps of his new general director for stabilization of the company. 51 -percent share was sold today for $ 4.46 billion in a transaction, which is expected to be closed in the second half of this year. “Today's announcement reflects our commitment to exacerbation of our attention, a decrease in our cost structure and strengthen our balance,” said the General Director of Lip-Bu Tan on the sale.
Altera produces programmable chips for shutters, which are often used to power retro -game equipment, for example, as console. Other products of the company have applications from military to telecommunications sectors. Intel Altera in 2015 for the huge 16.7 billion dollars. The USA, which means that its current assessment required a rather immersion from the moment of this purchase. However, the sale should still provide some cash flow for Intel at a critical stage.
Tan was Intel General Director in March after the departure of PET Gelsnger as the chief manager of the company. It is expected that it will help change the course for the company after From the bad decisions, and from the beginning of his appointment it seemed that Intel would see some optimization of his business.