Intel's $20.80 Billion Trading Day 24th Ranking Amid $8.75 Billion Altera Stake Sale

On April 14, 2025, Intel (INTC) saw a trading volume of $20.80 billion, ranking 24th in the day's stock market activity. The company's stock price rose by 2.89%.

Intel has announced plans to sell a 51% stake in its Altera unit to private equity firm Silver Lake. This move is part of Intel's broader strategy to cut costs and focus on its core business. The deal, valued at $8.75 billion, is expected to close in the second half of 2025. Intel will retain a 49% stake in Altera, allowing it to continue benefiting from the unit's future success while concentrating on its primary operations.

The sale of Altera comes at a time when Intel is facing significant financial challenges, including a slump in its core cloud and enterprise server business. The $3.4 billion in cash from the sale is expected to provide much-needed relief for Intel, which has approximately $47 billion in long-term debt. This financial injection will be crucial as Intel's new CEO, Lip-Bu Tan, works on a massive turnaround plan for the company.

Altera, which specializes in field programmable gate arrays (FPGAs), has been a part of Intel's data center business, helping to speed up Intel's chips. However, the unit has been struggling financially, posting a $615 million operating loss last year. The sale to Silver Lake will allow Intel to focus on its core strengths while still benefiting from Altera's technology.