- Intel sells 51% of Altera to Silver Lake for $ 4.46 billion, appreciates business for $ 8.75 billion.
- Altera gets independence as the biggest pure-play fpga semiconductor company
- Raghib Hussain appointed New CEO as Intel shifts its strategic focus
Intel, now led by New CEO Lip-Bu Tan, has been facing a number of challenges in recent years, to the point where the technical giant could sell his chip design and marketing business or spin of its chipplants.
Whether it will happen in the future to see, but Intel says it has signed a final agreement to sell 51% of its altera business to Silver Lake for $ 4.46 billion.
This appreciates the company at $ 8.75 billion, which is quite a decrease from nearly $ 17 billion that Intel paid for it in 2015.
A time-in-one generation of options
Altera has been active in FPGA (field programmable Portarray) Development for over four decades, providing programmable semiconductor solutions for use in industries such as communication, space, government, data centers and industrial automation.
The sale provides altera operational independence and establishes it as the biggest Pure-Play FPGA Semiconductor Company in the world. Intel will hold a 49% share, allowing it to stay involved while shifting the focus more square to its core operations.
The transaction is expected to close in the second half of 2025 pending usual closure conditions.
Once completed, Intel plans to deconid altera’s financial. In 2024, Altera reported $ 1.54 billion in revenue, a $ 615 million-$ 615 million and non-GAAP operating loss of $ 35 million.
Raghib Hussain, former president of products and technologies in Marvell, will follow Sandra Rivera as CEO of Altera on May 5, 2025.
“This investment represents a one-time-in-one generation the opportunity to invest in a scale leader in advanced semiconductors,” said Kenneth Hao, chairman and CEO of Silver Lake.
“Together with RagHib, we will be focused on strengthening Altera’s technology leadership position and investing in new AI-driven markets such as Edge Computing and Robotics. We look forward to working closely with Intel as a strategic partner who will continue to provide US-based foundry services and complementary engagement with customers.”
Lip-Bu Tan described the agreement as a strategic step forward. “Today’s message reflects our obligation to sharpen our focus, lower our spending structure and strengthen our balance,” he said.
“Altera Continues to Make Progress Repositioning Its Product Portfolio to Participate In The Fastest Growing and Most Profital Segments of the FPGA Market. We are Grateful for Sandra’s Strong Leadership and Lasting Impact Throughout Here 25-Year Intel Career and Wish Her Continued Success as She Begins A New Chapter. is a Superb Executive We Selected to Lead The Business Forward Based On His Vast Industry Experience and Proven Track Record of Success.
