**Apple Sees Surge in iPhone 16 Sales in China; Intel Plans Altera Stake Sale**

Apple's latest iPhone 16 presence in the Chinese market has been met with significant success, reporting a remarkable 20% increase in sales within the first three weeks, as per data from Counterpoint Research. This growth underscores Apple's strong foothold in China despite rising competition in the smartphone sector.

In other corporate developments, Intel has announced its intention to divest a minority interest in its subsidiary, Altera Corporation, which specializes in chip manufacturing. This strategic move is part of Intel's broader efforts to streamline operations and possibly optimize its investment portfolio amidst the rapidly evolving semiconductor industry.

Apple's iPhone sales growth in China and Intel's decision to sell a part of Altera reflect ongoing strategic maneuvers by major tech firms to adapt to market dynamics and maximize shareholder value.