Intel considers selling Altera, with Marvell (Marvell.US) seen as a potential buyer
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Intel is considering selling its programmable chip division Altera as part of cost-cutting measures, with Marvell seen as a potential buyer. Analysts point out that this deal will help Marvell diversify its market and enhance its presence in telecommunications and data centers. Altera is valued between $18 billion and $22 billion, with projected revenue of $2.9 billion in 2023, expected to decline in 2024. While Intel may face capital gains tax, a direct sale will strengthen its balance sheet
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