---
title: "After selling its stake in Altera, Intel lowered its full-year spending forecast to $16.8 billion"
description: "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 conso"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/257357376.md"
published_at: "2025-09-15T11:37:05.000Z"
---

# After selling its stake in Altera, Intel lowered its full-year spending forecast to $16.8 billion

> 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

According to Zhitong Finance APP, Intel (INTC.US) announced on Monday that it has lowered its adjusted operating expense target for 2025 from the previous $17 billion to $16.8 billion. This adjustment is mainly due to the fact that its programmable chip business Altera is no longer included in the company's consolidated financial statements.

The struggling chip manufacturer reached an agreement in April this year to sell 51% of Altera to private equity firm Silver Lake. This transaction values Altera at only $8.75 billion, a significant decrease from the nearly $17 billion price Intel paid when it acquired the company in 2015.

Under the leadership of CEO Lip-Bu Tan, Intel is enhancing its cash reserves through business streamlining. This year, the company has undergone multiple rounds of adjustments, including changes in management personnel, and the U.S. government acquiring a 10% stake in the company by converting subsidies into equity.

According to a regulatory filing, Intel completed the aforementioned equity transaction on September 12, with Silver Lake acquiring a majority stake in Altera for approximately $3.3 billion in equity value.

In the first half of 2025, Altera, as a business unit of Intel, recorded revenue of $816 million, with a gross margin of 55%, and operating expenses of $356 million during the same period.

Intel stated that its full-year operating expense target of $16 billion for 2026 remains unchanged

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.