Intel Sells 51% Of Its Altera Business
([Intel] 3 Hours Ago
Intel + Silver Lake)
- Reference: 0001540542
- News link: https://www.phoronix.com/news/Intel-Sells-51p-Altera
- Source link:
A decade after Intel acquired FPGA maker Altera for $16.7 billion and recently working to make Altera an independent company, Intel announced today it has sold 51% of its Altera business in a deal that values that business at $8.75 billion.
Intel announced today that Silver Lake will acquire 51% of the Altera business. The deal marks Altera's operational independence and becoming the largest pure-play FPGA semiconductor company. Intel will retain the 49% ownership of the Altera business.
Today's [1]press release also notes Raghib Hussain will succeed Sandra Rivera as Altera CEO. The transaction with the Silver Lake private equity firm is expected to close in H2'2025.
[1] https://newsroom.intel.com/corporate/intel-partner-deal-news-april2025?cid=em&source=elo&campid=smggmo_WW_gmocoma_EMNL_EN_2025_0414_Altera_C-MKA-44688_T-MKA-45251&content=smggmo_WW_gmocoma_EMNL_EN_2025_0414_Altera_C-MKA-44688_T-MKA-45251&elq_cid=1487773&em_id=108673&elqrid=bd25c5a1bbdb43fd834745e7268f6e9b&elqcampid=66362&erpm_id=4075667
Intel announced today that Silver Lake will acquire 51% of the Altera business. The deal marks Altera's operational independence and becoming the largest pure-play FPGA semiconductor company. Intel will retain the 49% ownership of the Altera business.
Today's [1]press release also notes Raghib Hussain will succeed Sandra Rivera as Altera CEO. The transaction with the Silver Lake private equity firm is expected to close in H2'2025.
[1] https://newsroom.intel.com/corporate/intel-partner-deal-news-april2025?cid=em&source=elo&campid=smggmo_WW_gmocoma_EMNL_EN_2025_0414_Altera_C-MKA-44688_T-MKA-45251&content=smggmo_WW_gmocoma_EMNL_EN_2025_0414_Altera_C-MKA-44688_T-MKA-45251&elq_cid=1487773&em_id=108673&elqrid=bd25c5a1bbdb43fd834745e7268f6e9b&elqcampid=66362&erpm_id=4075667
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