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The Latest Breaking News from Altera

Intel's revenues are up year-over-year, but foundry unit loses $2.5 billion

Almost all of Intel's business units were profitable in Q1, except manufacturing unit that made record $2.5 billion loss.

Tom’s Hardware

'Awesome Branding Move': Intel recycles Altera brand for its PSG group — and it may well have been decided over a dinner in 2023

Intel believes the newly named Altera will fare better as an independent entity.

TechRadar

Intel spins off Altera: A standalone FPGA company under Intel ownership

Intel launches Altera as a standalone company to better compete for emerging market opportunities.

Tom’s Hardware

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Intel's Planned Spinoff Is A Sign The Chipmaker Needs Cash

Intel's plan to separate its programmable chip business into a stand-alone company signals that the iconic chipmaker needs cash.

Investors Business Daily

Intel to Spin-off Programmable Solutions Group as Standalone Business, Eyeing IPO in 2-3 Years

Intel this afternoon has announced that the company will be spinning off its programmable solutions group (PSG), to operate as a standalone business. The business unit, responsible for developing Intel’s Agilex, Stratix, and other FPGA products, will become a standalone entity under Intel’s corporate umbrella starting in Q1 of 2024,…

AnandTech

Drydocks World, Aker Solutions to Upgrade Production at UK Rosebank Field

Drydocks World, a DP World Company, and Aker Solutions have formed a joint venture to upgrade a Floating Production Storage and Offloading (FPSO) vessel for the Rosebank oil and gas field in the UK. The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine…

Asharq Al-Awsat

Floating offshore vessel workers set to strike

Around 60 staff are set to take industrial action from 5 August

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