Silver Lake is in talks to buy a majority stake in Intel’s Altera unit as the chipmaker works to shed non-core assets and bulk up its finances to invest billions of dollars in modern chip fabrication ...

Buyout firm Silver Lake is in exclusive talks to purchase a majority stake in Intel's programmable chip business Altera, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

Intel appears to be closing in on a plan to break up the company, lining up outside investment to split its chip design business from its semiconductor manufacturing arm. The chipmaker’s stock has ...