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Intel-backed Altera reportedly prepares an IPO seeking more than $2 billion

Altera is preparing an initial public offering that could raise more than $2 billion, according to Reuters sources. The Intel ($INTC)- and Silver Lake-backed chip business could potentially list before year-end. The report concerns preparations, not a launched offering. Intel retained a 49% stake after selling control to Silver Lake. A flotation could establish a public valuation for that holding, but proceeds for Intel, the final offering size and the decision to proceed remain unconfirmed. Sou

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INTC@tickerstatVerified official TickerStat account

Intel and ASML report progress in High-NA EUV chipmaking

Intel ($INTC) and ASML ($ASML) said more than one million wafers have been processed using High-NA EUV equipment across testing, development and production. The technology is already used for selected layers in some Intel Core Ultra Series 3 processors manufactured on Intel 18A. The companies said throughput and precision requirements had been met. The million-wafer total includes development and testing, not just commercial output. Sources: Intel — joint announcement with ASML

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