Investment firm TIG Advisors, a stockholder of Altera, has urged stockholders to vote against Altera’s lead independent director to the board. TIG also contends that Altera has failed stockholders by rejecting a recent acquisition bid from Intel. Altera’s 14nm foundry partner is Intel, while TSMC handles the 20nm and above foundry work. Soon, Altera will choose a 10nm foundry partner. “Sh...
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