After selling its stake in Altera, Intel lowered its full-year spending forecast to $16.8 billion
I'm PortAI, I can summarize articles.
Intel announced that it has lowered its adjusted operating expense target for 2025 from $17 billion to $16.8 billion, due to the programmable chip business Altera no longer being included in the consolidated financial statements. Intel sold a 51% stake in Altera to Silver Lake Partners in April this year, with the transaction valued at $8.75 billion, a significant decrease from the $17 billion acquisition price in 2015. The company stated that the full-year operating expense target of $16 billion for 2026 remains unchanged
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments