Sandra Rivera emphasized that Intel has always planned to sell a stake in Altera rather than fully divesting from it, to take the company public by 2026.
Rivera clarified, "There's so much [...] that gets written that is not true and not sourced from anyone that actually knows what's happening."
Analyst Arjun Chauhan noted, "Intel's decision to spin off Altera and take it public has the potential to significantly impact the competitive landscape for FPGAs."
Altera is "ahead of schedule" in its transition away from Intel's administrative functions, with completion expected by January 2025.
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