Intel to Sell 51% Altera Stake to Silver Lake Amid Cost Cuts
英特尔将向银湖资本出售 51% Altera 股份以削减成本

Intel Corp. has agreed to sell a 51% stake in its programmable chips unit Altera to Silver Lake Management, making good on plans to start spinning off non-core assets.
英特尔公司已同意将其可编程芯片部门 Altera 的 51% 股份出售给银湖管理公司 ，从而兑现其开始剥离非核心资产的计划。

The transaction values Altera at $8.75 billion, according to a statement on Monday, about half what Intel paid for it a decade ago. Intel will continue to hold a 49% stake in the business. The deal is expected to close in the second half of 2025. Bloomberg reported previously on the talks between the two companies.
据称 ，此次交易对 Altera 的估值为 87.5 亿美元周一，英特尔宣布以约一半的价格收购了该公司，这笔交易的价格约为英特尔十年前收购价的一半。英特尔将继续持有该公司 49%的股份。预计该交易将于 2025 年下半年完成。彭博社此前曾报道过两家公司之间的谈判。

Intel will receive about $3.4 billion in cash from Silver Lake as part of the deal, according to people familiar with the matter, who asked not to be identified because the matter is private.
据知情人士透露，作为交易的一部分，英特尔将从银湖资本获得约 34 亿美元现金。由于事涉隐私，这些知情人士要求匿名。

Altera will be run by Raghib Hussain, replacing Sandra Rivera as chief executive officer. Hussain will join from Marvell Technology Inc., where he’s president of products and technologies.
Altera 将由 Raghib Hussain 执掌，接替 Sandra Rivera 出任首席执行官。Hussain 此前在 Marvell Technology Inc. 担任产品和技术总裁。

“Today’s announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet,” said Intel CEO Lip-Bu Tan.
英特尔首席执行官陈立武表示：“今天的公告反映了我们致力于集中精力、降低费用结构和加强资产负债表的承诺。”

Silver Lake has a track record in investing in semiconductors companies. It was an early backer of Broadcom Inc’s acquisition strategy.
银湖资本在投资半导体公司方面有着良好的记录，它是博通公司收购战略的早期支持者。

“This investment represents a once-in-a-generation opportunity to invest in a scale leader in advanced semiconductors,” said Kenneth Hao, chairman and managing partner of Silver Lake, who added that under new leadership Altera will be focused on investing in “emerging AI-driven markets such as edge computing and robotics.”
银湖资本董事长兼执行合伙人 Kenneth Hao 表示：“这项投资代表着千载难逢的投资机会，可以投资于先进半导体领域的规模领先者。”他还补充道，在新的领导下，Altera 将专注于投资“边缘计算和机器人等新兴的人工智能驱动市场”。

Shares of Intel rose as much as 6.6% after markets opened in New York.
纽约股市开盘后，英特尔股价上涨 6.6%。

Intel agreed in 2015 to pay $16.7 billion for Altera, whose multiuse chips are primarily deployed in telecommunications networks. In 2024, the US chipmaker said it would look to sell a stake in Altera — part of a broader plan to turn its business around. Altera drew interest from Lattice Semiconductor Corp. and a group of buyout firms, Bloomberg News has reported.
英特尔于 2015 年同意斥资 167 亿美元收购 Altera，后者的多用途芯片主要应用于电信网络。这家美国芯片制造商表示，将考虑在 2024 年出售 Altera 的部分股份，这是其扭转业务颓势的更广泛计划的一部分。据彭博新闻报道， 莱迪思半导体公司（Lattice Semiconductor Corp.） 和一些收购公司对 Altera 感兴趣。

Read More: Silver Lake Is Said to Near Deal for Stake in Intel’s Altera
阅读更多： 据称，Silver Lake 即将收购英特尔 Altera 的股份

Intel has lost market share to rivals in recent years and missed the shift to artificial intelligence accelerators, a market now dominated by Nvidia Corp. Intel’s board ousted CEO Pat Gelsinger last year after his comeback plan was slow to gain momentum.
近年来，英特尔的市场份额不断被竞争对手夺走，并错过了向人工智能加速器转变的机会，目前该市场由英伟达公司主导。去年，由于首席执行官帕特·基辛格的回归计划进展缓慢，英特尔董事会罢免了其职务。

Tan, who recently stepped into the role of CEO, said about two weeks ago that the chipmaker will spin off assets that aren’t central to its mission, and create new products including custom semiconductors to try to better align itself with customers.
陈炳耀最近出任首席执行官，大约两周前他表示 ，该芯片制造商将剥离对其使命不重要的资产，并创造包括定制半导体在内的新产品，以更好地与客户保持一致。

Intel needs to replace the engineering talent it’s lost, improve its balance sheet and better attune manufacturing processes to meet the needs of potential customers, Tan told attendees at a company conference. He didn’t specify which parts of Intel were no longer key to its future.
陈志勇在一次公司会议上告诉与会者，英特尔需要填补流失的工程人才，改善资产负债表，并更好地调整制造流程，以满足潜在客户的需求。他没有具体说明英特尔哪些部门不再对公司的未来至关重要。

A transaction for Altera comes at a time when deal activity has been crippled globally due to repercussions from US President Donald Trump’s trade tariffs. Still, private equity firms sitting on more than $700 billion in dry powder are hunting for targets that are more resilient to a trade war than manufacturers.
Altera 的交易正值美国总统唐纳德·特朗普的贸易关税政策影响全球交易活动陷入瘫痪之际。尽管如此，拥有超过 7000 亿美元资金的私募股权公司仍在寻找比制造商更能抵御贸易战的目标。