Bloomberg Intelligence Intel to Sell 51% Altera Stake to Silverlake
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Apr 14, 2025 Alison Williams, a Senior Analyst at Bloomberg Intelligence specializing in global banks and asset management, shares insights on Goldman Sachs' record-high trading revenues fueled by market volatility. She discusses how economic uncertainties affect financial markets and employment trends on Wall Street. Additionally, the podcast highlights Intel's sale of a 51% stake in its Altera unit and explores the implications of such strategic moves in the tech industry while keeping an eye on evolving trends in pharmaceuticals and obesity medications.
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Intel Refocuses On Foundry Business
- Intel's new CEO plans to turn around its foundry business instead of selling it off.
- They aim to raise cash by selling non-core assets like Altera to focus on core growth areas.
Altera Deal Reflects Strategic Shift
- Intel sells a 51% stake in Altera to Silver Lake at about half the price they paid 10 years ago.
- Semi industry is bullish due to AI demand, and Silver Lake might leverage Altera better than Intel could.
Shared Control Benefits Intel and Silver Lake
- Silver Lake takes majority control to run Altera while Intel retains 49% and technology reliance.
- This split lets Intel focus on core CPU and foundry while still benefiting from Altera’s success.