Intel has reduced its full-year 2025 adjusted operating expense target to US$16.8 billion, down from a previous goal of US$17 billion, to reflect the deconsolidation of its programmable chip business, Altera.

The US chipmaker sold 51% of Altera to private equity firm Silver Lake in April, valuing the unit at US$8.8 billion—less than half the nearly US$17 billion Intel paid in 2015.

Intel completed the transaction on September 12, with Silver Lake acquiring the majority stake for an equity value of about US$3.3 billion, according to regulatory filings.

In the first half of 2025, Altera, still consolidated with Intel, posted a 55% gross margin on US$816 million in revenue and US$356 million in operating expenses.

Intel said its full-year 2026 operating expense target will remain at US$16 billion.

🔗 Source: Reuters

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