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

This move that would represent a sharp about face from its earlier public messaging about the larger company's prospects.

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. The report aligns with recent statements from Sandra Rivera,