Intel has shortlisted a number of buyout firms for the next round of bidding for its Altera unit, sources said.
unit, according to people familiar with the matter, as the beleaguered chip maker makes headway on a process started by its now ousted CEO.
Intel is giving suitors towards the end of January to formalise their offers, the people said. It’s possible other bidders could emerge, or the process could end without a sale, they added. The move by Intel to advance the process that was started by former CEO Pat Gelsinger is a sign that the company — previously the world’s biggest chip maker by revenue over almost three decades — is eager to see through already announced plans, even as some have criticised the pace of progress on other initiatives.
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