By Katherine Hamilton
Intel has amended a foundry agreement as part of its plan to sell its Altera subsidiary to Silver Lake.
Chipmaker Intel said Thursday it would produce 65,000 wafers in the U.S. under the amended agreement. Altera has agreed to purchase those wafers by 2040 according to an offtake schedule.
The agreement is set to be in effect through 2040 unless terminated by either party.
If Intel discontinues manufacturing of the wafers before the start of 2031, it will compensate Altera with a cash payment of $2.25 billion, per the agreement. Intel has also agreed to reimburse Altera if the wafers don't meet specifications.
Intel on Monday said it had agreed to sell a majority interest in Altera to Silver Lake affiliate SLP VII Gryphon Aggregator for $8.75 billion.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 17, 2025 17:09 ET (21:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。