Silver Lake Management is in exclusive talks to acquire a majority stake in Intel Corp.’s programmable chips unit, people with knowledge of the matter said.

By Juby Babu and Milana Vinn (Reuters) -Buyout firm Silver Lake is in exclusive discussions to purchase a majority stake in Intel's programmable chip business, Altera, a person familiar with the matter told Reuters on Tuesday.

Private equity firm Silver Lake is in exclusive talks to acquire a majority stake in Intels (NASDAQ: INTC) programmable chip business, Altera, for about $9 billion, according to sources familiar with the matter.