Anonymous sources have named some of the companies looking to buy a minority stake in Intel's Altera. Potential bids could be just weeks away.
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According to a new report, Intel is actively seeking to raise some capital by selling a stake in its Altera division amid financial challenges.
Intel has launched Altera as an independent company which will focus on FPGA hardware. While Altera is a separate company, Intel will hold a majority stake in the company so it'll be influential.
Intel, one of the largest chipmakers around, is buying one of its rivals, Altera. The latter was focused on specialized processors that are increasingly being used alongside traditional servers.
Intel will soon start manufacturing ARM chips by lending out its foundries to some of its rivals. It's a huge strategic move that in the long run may benefit both Intel and consumers.
