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Intel had Q1 revenue of $12.7 billion which was flat  y-o-y with  a gross margin of 36.9% which was down 4.1 points y-o-y.

Intel is to sell 51% of Altera to Silver Lake for $4.46 billion in a deal which is said to value Altera at $8.75 billion. Intel will own 49% of Altera.