Published on: 2025-04-28 10:59:13
SANTA CLARA, Calif.; SAN JOSE, Calif.; and MENLO PARK, Calif., April 14, 2025 – Intel Corporation today announced that it has entered into a definitive agreement to sell 51% of its Altera business to Silver Lake, a global leader in technology investing. The transaction, which values Altera at $8.75 billion, establishes Altera’s operational independence and makes it the largest pure-play FPGA (field programmable gate array) semiconductor solutions company. Altera offers a proven and highly scala
Keywords: altera gaap intel measures non
Find related items on AmazonPublished on: 2025-04-28 19:50:15
Intel is selling off its majority share in chip-maker Altera as part of its new CEO's first steps toward stabilizing the company. The 51 percent stake sold today for $4.46 billion in a deal that is expected to close in the second half of this year. "Today's announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet," CEO Lip-Bu Tan said of the sale. Altera makes field programmable gate array chips, which are often used to pow
Keywords: altera billion ceo intel sale
Find related items on AmazonPublished on: 2025-04-29 17:39:26
Intel on Monday said it has agreed to sell 51% of its Altera semiconductor business to Silver Lake, a private equity firm. The deal, which values Altera at $8.75 billion, will make the division “operationally independent,” Intel said in a press release. The chipmaker will retain a 49% stake in Altera, which will be led by Raghib Hussain, who’s set to succeed Sandra Rivera as CEO on May 5. “Today’s announcement reflects our commitment to sharpening our focus, lowering our expense structure, and
Keywords: altera billion intel psg said
Find related items on AmazonPublished on: 2025-04-30 03:39:26
Intel on Monday announced that it has entered into a definitive agreement to sell 51% of its Altera semiconductor business to Silver Lake, a private equity firm. The deal, which values Altera at $8.75 billion, will make Altera “operationally independent,” Intel said in a press release. Intel will retain 49% ownership in Altera, which will be led by Raghib Hussain, who’s set to succeed Sandra Rivera as CEO on May 5. “Today’s announcement reflects our commitment to sharpening our focus, lowering
Keywords: altera billion intel programmable said
Find related items on AmazonPublished on: 2025-06-23 14:00:00
Altera is launching its latest family of Agilex FPGA 3 chips to help developers expand the boundaries of the intelligent edge. The Agilex 3 FPGA chips are now in production, said Sandra Rivera, CEO of Altera, in a press briefing. These devices are important for increasing intelligence at the edge and enabling AI proliferation. Altera’s field programmable gate array (FPGA) chips are programmable chips that have found a home in a wide variety of edge applications, including robotics, factory aut
Keywords: agilex altera edge fpga fpgas
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