Intel sells 51% stake in Altera to private equity firm on a $8.75B valuation

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 scalable architecture and tool chain and is focused on driving growth and FPGA innovation to meet the demands and opportunities of an AI-driven market. Intel will own the remaining 49% of the Altera business, enabling it to participate in Altera’s future success while focusing on its core business. Intel also announced that Raghib Hussain will succeed Sandra Rivera as chief executive officer of Altera, effective May 5, 2025. Hussain is a highly accomplished and visionary technology executive with s ... Read full article.