Intel Could Soon Sell Majority Stake in Its Altera Programmable Chip Unit

1. Intel is in talks to sell majority stake in Altera unit. 2. Silver Lake Management set to acquire Altera stake, details pending. 3. Intel shares surged 16% on news, still down over 33% year-over-year. 4. Broadcom and TSMC considering bids for Intel's chip design and manufacturing. 5. US government support may boost Intel's foundry business prospects.