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Intel is selling off a majority stake in chip-maker Altera for $4.46 billion

Intel is selling off its majority share in chip-maker Altera as part of its new CEO's first steps toward stabilizing the company.

"Today's announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet," CEO Lip-Bu Tan said of the sale. Altera makes field programmable gate array chips, which are often used to power retro gaming hardware such as the Analogue consoles. Netflix has started testing a new search feature powered by OpenAI that can help customers find movies and shows to watch, according to Bloomberg.

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