Intel has sold 51% of the shares of the Silver Lake Fundso that from now on it will have control of the FPGA programmable chips development subsidiary. The agreement, which values alters by 8,750 million dollars, will make the company independent in terms of operations, as they have stood out from Intel.
It is not the only change that alters is preparing to face, since it will also have a new CEO from May. Raghb Hussain will replace Sandra Rivera starting next day 5, which will arrive after being president of Marvel products and technologies, a company where she entered in 2018 after Fundar Cavium.
In addition, Hussain has occupied various engineering positions in Cisco and Cadence, and collaborated in the VPNET security company. Intel will continue to maintain 49% of Altera’s actions.
Altera emerged in 1983, founded by a group of experts in semiconductor design and development. Its mission is to develop a range of programmable chips known as FPGA (Field Programmable Gate Arrays), as well as the software to manage them. Its chips, developed for specialized tasks, are used in sectors such as communications, robotics and AI.
Intel bought Altera in 2015 for 16.7 billion dollars, an operation with which he created a business division that he called programmable solutions (PSG). In 2023, Intel assured that he was going to create an independent subsidiary from this group, but maintaining most of his actions, with the intention of going to theok in three years.
If everything goes according to Intel and Silver Lake’s plans, the sale of altera shares will be closed throughout 2025. According to Lip bu tan, CEO of Intelthe given step reflects the company’s commitment «With a higher approach, reducing the resulsive of expenses and reinforcing the balance sheet. Altera continues to advance in the repositioning of its product portfolio to participate in the most profitable segments of the FPGA market«.
