Intel's Future Uncertain as Altera CEO Sandra Rivera Denies Sale Plans
Wednesday, 11 September 2024, 16:55
Intel's Strategic Intentions Explained
During an exclusive interview with CRN, Altera's CEO Sandra Rivera addressed pivotal questions regarding Intel's future operations. Rivera confirmed that Intel is not pursuing a full sale of Altera, countering recent speculation within the tech industry. The company is planning to benefit from a gradual divestment plan, focusing on a minority stake sale initially.
Plans for Initial Public Offering
- Rivera detailed the intention to explore an IPO as a part of their long-term strategy.
- The approach aims for a controlled exit rather than a full acquisition.
- This strategy underscores Intel's long-term vision of retaining key assets while also seeking external investment opportunities.
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