Intel Corporation
Intel Announces Amendment to Transaction Agreement for Altera Business Sale
Summary
On April 14, 2025, Intel Corporation, Intel Americas, Inc., Altera Corporation, and SLP VII Gryphon Aggregator, L.P. entered into a transaction agreement where Intel agreed to sell a majority interest in its Altera business to the Purchaser. On August 11, 2025, Amendment No. 1 to the Transaction Agreement was executed, modifying the purchase price calculations and extending the closing date of the transaction to September 13, 2025. This report contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially.
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About Intel Corporation
Intel Corporation is a multinational corporation and technology company known for its semiconductor products. As a leader in the global semiconductor industry, Intel primarily focuses on designing and manufacturing products like microprocessors, integrated graphics, and other computing components. These semiconductors are vital for the functioning of computers, laptops, and various consumer electronic devices. Intel's products play a crucial role in fields such as data centers, computing solutions, Internet of Things (IoT), and more. The company’s innovations in semiconductor design have significant implications for technology advancement, impacting industries ranging from personal computing to automotive technology. Founded in 1968 and headquartered in Santa Clara, California, Intel Corporation has been a pivotal player in pioneering advances in technology infrastructure worldwide, continuously pushing the boundaries of processing power and efficiency to support consumer electronics and enterprise technology needs.
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