Independence accelerates innovation, enables customer focus, and drives long-term value creation

SAN JOSE, Calif. & MENLO PARK, Calif.--(BUSINESS WIRE)--

Altera Corporation, a leader in FPGA innovations, today announced that Silver Lake, a global leader in technology investing, has completed its acquisition of a 51% stake in the company from Intel Corporation, which will retain a 49% stake, underscoring shared confidence in Altera’s growth.

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Completion of the transaction establishes Altera as the world’s largest independent, pure-play FPGA solutions provider, empowering the company to accelerate innovation for customers and partners by providing software tools, development kits, IP and design service resources used to build complete FPGA solutions.

Altera delivers a comprehensive, full-stack FPGA portfolio featuring industry-leading fabric, efficient performance, and easy-to-use, scalable software for customers and developers. With the Agilex family of products, Altera’s advanced FPGA solutions make AI more accessible by lowering entry costs while enhancing performance, reliability, and security. With flexible, resilient supply across leading nodes and foundry partners, Altera ensures customers can build with confidence anywhere in the world.

Expanding Leadership Supported by Silver Lake

With operational independence and Silver Lake’s backing, Altera has additional agility and resources to drive faster innovation and deliver advanced FPGA solutions with increased support for customers and partners worldwide.

Silver Lake’s expertise in partnering with management teams to scale and transform category-leading semiconductor companies will support Altera’s expansion across key sectors, including industrial automation, audio/video, robotics, aerospace, defense, data centers, telecommunications and edge AI.

“We are thrilled to partner with Silver Lake as this transformative investment positions us to accelerate innovation and reinforce our leadership in the FPGA market at a time when AI applications are fueling demand for programmable logic,” said Altera CEO Raghib Hussain. “We are laser-focused on optimizing our portfolio and unleashing the great innovation and talent of this organization to support the evolving needs of customers looking to capitalize on the significant opportunities presented by AI.”

“Altera is uniquely positioned at the forefront of the FPGA industry and AI revolution. Our investment reflects our confidence in Altera’s technology leadership, its commitment to deliver for customers, and its significant growth potential,” said Kenneth Hao, Silver Lake Chairman and Managing Partner. “We are proud to support Raghib and the talented Altera team as they embark on this exciting next chapter.”

About Altera

Altera is a leading supplier of programmable hardware, software, and development tools that empower designers of electronic systems to innovate, differentiate, and succeed in their markets. With a broad portfolio of industry-leading FPGAs, SoCs, and design solutions, Altera enables customers to achieve faster time-to-market and unmatched performance in applications spanning industrial automation, audio/video, robotics, aerospace, defense, data centers, telecommunications, edge AI and more. For more information, visit www.altera.com.

About Silver Lake

Silver Lake is a global technology investment firm, with approximately $104 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $252 billion of revenue annually and employ approximately 433,000 people globally.

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Source: Altera Corporation