Intel Completes Sale of Majority Interest in Altera

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Intel retained a 49% interest and the companies contributed their equity interests to a newly formed limited partnership. Intel's Q3 2025 financial statements will reflect Altera's results from June 29, 2025 through September 11, 2025, and Altera's results for the first half of 2025 showed a gross margin of 55% on revenue of $816 million. Intel revised its full-year 2025 non-GAAP operating expense target to $16.8 billion following the transaction.

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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.