Intel Shortlists Suitors for Programmable Chip Arm Altera
- Company asks suitors to submit formalized bids by late January
- Intel is without a permanent CEO after Pat Gelsinger ousted
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Intel Corp. has shortlisted a number of buyout firms for the next round of bidding for its Altera unit, according to people familiar with the matter, as the beleaguered chipmaker makes headway on a process started by its now ousted chief executive officer.
Private equity firms including Francisco Partners and Silver Lake Management are competing alongside Lattice Semiconductor Corp. in a second round for Altera, which specializes in the design of low-power programmable chips, the people said, asking not to be identified discussing confidential information.