06:38 PM EDT, 07/10/2026 (MT Newswires) -- Altera, the programmable chipmaker spun out of Intel, is growing roughly 20% a year, and more than doubling operating income as it prepares for an eventual public listing, Reuters reported Friday, citing Chief Executive Raghib Hussain.

Hussain said the company grew more than 20% last year and expects mid-20% growth again this year, though as a private company it does not disclose specific figures, the report said.

The CEO said Altera is positioning for growth from artificial intelligence and robotics, with its field programmable gate array chips used for connectivity, data pre-processing, and sensor fusion alongside GPUs.

On execution, Hussain said the company produced working prototypes of six new chips last year and has cut its dependence on transition service agreements from Intel to 15 from 125, according to the report.