The company is said to have reached out to several potential buyers, including private equity firms, since the start of the week. Intel reportedly hopes to sell a minority stake in Altera for several billion dollars. The deal would value the business at around $17 billion, or about what the chipmaker spent to buy it in 2015.

Last month, Intel CEO Pat Gelsinger mentioned in a message to employees that the company was looking to sell part of its stake in Altera to "carefully manage our cash as we meanin

Key Takeaways Intel is reportedly seeking investors to take a minority stake in its Altera programmable chipmaking division.CNBC said Intel is seeking a valuation of about $17 billion for Altera stake.

Intel is looking to sell at least a minority stake in its Altera unit that would value the business at around $17 billion, according to a report.