Intel’s new CEO, Lip-Bu Tan, is making his mark by quickly monetizing non-essential assets. The chip giant is selling a controlling stake in semiconductor company Altera, accepting a lower value than its initial purchase price. Analysts see benefits to this move, despite the reduced valuation.
Source: https://www.marketwatch.com/story/intels-new-ceo-isnt-wasting-time-trying-to-enact-a-turnaround-e1331070