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On the morning of September 15, 2025, Intel's share price experienced a 3.7% uptick. Prior to this, the company had declared a downward revision of its adjusted operating expense target for 2025, slashing it from $17 billion to $16.8 billion. This adjustment is a direct consequence of Intel's decision to divest its programmable chip unit, Altera.
The deal to sell Altera was finalized on September 12. Under the terms of the agreement, Intel will maintain a 49% ownership stake in Altera and will account for its investment using the equity method. During the first six months of 2025, Altera generated $816 million in revenue while incurring $356 million in operating expenses. Meanwhile, Intel has kept its operating expense target for 2026 unchanged at $16 billion.
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