15 AI News That Broke The Internet This Week

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10. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68  

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest reports, published by news platform Bloomberg, suggest that Lattice Semiconductor, an Oregon-based chip firm, is considering a bid for the Altera business of Intel. Altera is a manufacturer of programmable logic devices that Intel purchased back in 2015 for $16.7 billion. The report contends that Lattice is looking for private equity backers as it considers the bid. PE shops Francisco Partners, Bain Capital and Silver Lake are studying offers to invest in the logic devices maker, the report adds.

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