Intel Stock: Altera Files IPO Documents - Börse Global
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The US semiconductor group Intel is pushing ahead with its realignment with concrete steps. As announced on Tuesday, the group subsidiary Altera has confidentially filed documents for an IPO. The initial listing of the specialist for programmable chips could raise more than two billion Dollars.The planned partial IPO is flanked by operational measures in the core business. According to media reports, management plans price increases of around ten percent for PC processors for early October. This step is seen by the market as a signal of returning pricing power. At the end of the trading week, Intel shares closed at 94.52 Euros on Friday. Since the beginning of the year, the stock has thus recorded a value increase of 201 percent.Altera develops programmable semiconductors for artificial intelligence, industrial automation, and robotics. With the targeted billion-dollar IPO, Intel is raising fresh funds for the ongoing group restructuring. Already in August, the company had completed its own capital increase, which brought in a net 19.7 billion Dollars after deducting costs.At the same time, the group is making progress in contract manufacturing. Intel Foundry has already exposed more than one million wafers using state-of-the-art High-NA EUV lithography systems from equipment supplier ASML. The layers produced for the 18A manufacturing line and the Panther Lake generation...
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