Intel Can’t Afford Altera and Will Sell Off Standalone FPGA Company Just Months After Launch, Sources Say

[Tsing]

Altera, a standalone FPGA company that Intel launched earlier this year to capitalize on a $55 billion-plus market opportunity and expand its portfolio of products, including what is said to be the only FPGA with AI built into the fabric, may be sold off by its owner soon, according to a new report that discusses how Intel CEO Pat Gelsinger and other key executives will be presenting a new cost-cutting plan this month to the company's board of directors, one that aims to remove unnecessary businesses and revamp capital spending.

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