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flag Intel sells majority stake in Altera chip business to Silver Lake for $8.75 billion.

flag Intel is selling a majority stake in its Altera chip business to private equity firm Silver Lake for $8.75 billion, with Silver Lake owning 51% of Altera. flag The sale, expected to close this year, is part of Intel's plan to refocus on core operations, reduce expenses, and strengthen its balance sheet. flag Intel acquired Altera in 2015 for $16.7 billion. flag The move is aimed at revitalizing Intel's performance under new CEO Lip-Bu Tan.

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