Intel (INTC) shares rose Friday, lifted by indications that it i😼s looking for a big outside inves🃏tment in its Altera programmable chipmaking unit.

CNBC late Thursday reported that the company is looking to sell a minority stake in Altera that values the business about $17 billion. Intel purchased Altera in 2015 for $16.7 billion, launching it as a standalone company in February, with the 澳洲幸运5官方开奖结果体彩网:intention of 澳洲幸运5官方开奖结果体彩网:spinning it off in an 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO).

When reached by Investopedia, Intel declined to comment.

Intel has been taking steps to try to shore up its finances, including 澳洲幸运5官方开奖结果体彩网:exploring sales of some of its i𒊎ts various divisions, although none has come to fruition. The stock, recently up about 1%, has lost more than half of its value this🍰 year.

CNBC noted that the company has reached out to several 澳洲幸运5官方开奖结果体彩网:private equity and strategic investoℱrs this week about Altera. It added that Intel even discussed the possibility those investors could take a majority stake in the business. ⛦;

UPDATE—This story has been updated with Intel's response and the latest stock price movement.