Intel is approaching a deal to sell the Altera chips to PE Group Silver Lake

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Intel is approaching a deal to sell its Chip Chip to the Silver Lake collection for private stocks, where the semiconductor pioneer works to raise money and catch up with competitors such as NVIDIA to manufacture chips for use in artificial intelligence.

Silver Lake will buy the majority stake in Altera, which makes programmed chips that technology companies can specialize in their intelligence needs, with an evaluation of about 9 billion dollars, according to two people who were briefed on this.

Intel, which was taking place for several months in talks to sell unit as part of a broader plan to strip non -basic assets, will continue to have a large share of minority shares.

Earlier this year, Intel entered into exclusive negotiations with Silver Lake after identifying a private stock set with an applicable plan to transform from Altera that would increase its value.

Ken Hao, the Silver Leck Chair, is led by the acquisition group, and is considered one of the most investors who realize in the private stock industry in semiconductors. Two decades ago, Hao helped create a predecessor to what is now known as Chip Giant Broadcom by carving semiconductor work from Hewlett-Packard.

Intel acquired the ALTEA for about $ 17 billion in 2015. Intel previously told shareholders that selling shares would enhance the value of the chips maker and put the road to complete exit.

The people said that while Intel and Silver Lake are planning to announce their deals in the coming days, the talks are continuing and could fail to lead to a deal.

Intel works quickly to rid non -fundamentals and collect their financial resources to invest billions of dollars in modern chips manufacturing factories in the United States and Europe. It announced that it revolves from the investment capital arm, Intel CapitalIn January.

The sale of assets is part of the broader user restructuring that comes at a time when President Donald Trump is looking for ways to revive Intel’s fortunes, one of the modern Silicon Valley engineers.

Intel in talks with the administration on a partnership With the semiconductor manufacturer in industry, Taiwan, FT mentioned previously.

The company started a great effort to reduce costs last summer, as it reduced thousands of jobs and stopped manufacturing projects in Europe, as its “Foundry” business was millions of dollars.

In December, the Intel Board toppled the CEO Bat Gilgringer Amid fears that the chip maker was not moving quickly enough to catch competitors like Nvidia and AMD. The veteran investor and the head of the former rhythm Lips-this Tan He took over the role last month.

The company’s financial problems sparked Washington because Intel is the only American chips maker who can manufacture high -end chips.

Additional reports by Michael Acton in San Francisco