Last month, Altera’s CEO had to explain to the public that parent company Intel had no intention of selling it outright and was still looking to raise funds through the FPGA developer’s IPO. According to some reports, Intel is no longer opposed to the idea of ​​selling a large stake in Altera, not to mention a small one.

Image Source: Intel

At least this is reported by sources familiar with the progress of Intel’s negotiations with potential investors, cited by CNBC. The parent company estimates Altera’s capitalization at $17 billion, which roughly covers the costs incurred in 2015 to purchase the company for $16.7 billion. By selling at least a minority stake in Altera at this price, Intel could gain several billion US dollars. which she would use to solve her worsening financial problems.

Intel has already approached both institutional and potential strategic investors with relevant proposals, according to CNBC. In conversations with some of them, Intel representatives allegedly made it clear that the company had no objection to the sale of a majority stake in Altera. As recently as last month, Intel CEO Patrick Gelsinger continued to insist that Altera should remain part of Intel and that the core business was important to the future of the parent corporation. Intel expected to bring its subsidiary to an IPO by 2026, but it urgently needs money now, so it may change priorities related to ideas for monetizing Altera.

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