Intel resisted the U.S. government's stake. The U.S. chipmaker remains engaged in other activities to boost value. Intel closed its long-awaited deal to sell a majority stake in Altera to Silver Lake. Signed on April 14, 2025, the $3.3 billion transaction officially closed on Sept. 12, giving Silver Lake 51% ownership while Intel retained 49%. Intel will include Altera's results through Sept. 11 in its third-quarter 2025 financials, then account for its stake using the equity method. Altera generated $816 million in revenue in the first half of 2025 with a 55% gross margin, and Intel cut its 2025 adjusted operating expense target to $16.8 billion to reflect Altera's deconsolidation, while keeping its 2026 target at $16 billion. The divestiture coincided with Intel's sweeping restructuring to manage financial strain. The company reported GAAP operating expenses of $21.9 billion for 2025 and projects $19 billion for 2026.