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Intel to spin out programmable chip unit, hold IPO; shares rise 2%

Intel acquired the business when it bought Altera for $16.7 billion in 2015. Programmable chips sit between Intel#39;s general purpose chips and chips that are designed for a single task and used in everything from encrypting data to 5G wireless telecommunications equipment.

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​ Intel acquired the business when it bought Altera for $16.7 billion in 2015. Programmable chips sit between Intel#39;s general purpose chips and chips that are designed for a single task and used in everything from encrypting data to 5G wireless telecommunications equipment. Intel acquired the business when it bought Altera for $16.7 billion in 2015. Programmable chips sit between Intel#39;s general purpose chips and chips that are designed for a single task and used in everything from encrypting data to 5G wireless telecommunications equipment.  Moneycontrol Latest News Read More  

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