I'm not surprised by this divestiture - Investor confidence in Alterra has been low ever since the disastrous loss of their brand new capital ship Aurora on its very first mission.

I left the hardware business in 1992 but seems that nothing has changed. People still think FPGAs are really cool and nobody cab figure out how to make money selling them.

Summary of the situation from The Register headline:

>Intel flogs off majority stake in Altera to private equity for $4B

>Buy high, sell low: FPGA biz cost x86 giant $16B decade ago

for those not up on this stuff

Was altera the thing they bought to do some really cool networking/switching/SDN stuff? Paging bcantrill.

Bravo, they managed to break even on their decade-old investment.

Should have stuffed it under the bed instead…

Seems quite cheap. If I was a state I'd buy it. Possibly give stake to the suitable university and then create internships and other learning opportunities. I would also subsidise products to SMEs and then invest more to ensure company can supply defence and other industries, decoupling the country from dependence on other countries from crucial tech.

I mean it's a pipe dream, but why not.

Anyone who hoped Lunar Lake to buy Altera give thumbs up.

Has everyone already forgotten about Optane, too?

Looks like Intel is being stripped for parts.