Full-Time
Produces FPGAs and SoCs for diverse markets
$181.1k - $289.3k/yr
Senior, Expert
Austin, TX, USA + 1 more
More locations: San Jose, CA, USA
In Person
Altera produces Field-Programmable Gate Arrays (FPGAs) and System-on-Chips (SoCs) that allow customers to configure hardware for specific applications even after manufacturing. This flexibility helps companies in various industries, such as automotive, communications, and aerospace, to optimize performance and reduce time-to-market for their products. Altera generates revenue by selling its semiconductor products and licensing its design software, catering to clients who require adaptable processing solutions for electronic systems. Unlike many competitors, Altera focuses on providing programmable logic devices that can be tailored to meet the unique needs of emerging markets like AI, cloud computing, and edge computing.
Company Size
N/A
Company Stage
Acquired
Total Funding
$21.2B
Headquarters
San Jose, California
Founded
1983
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Performance Bonus
Silver Lake's acquisition of a majority stake in Intel's programmable chip subsidiary, Altera, is being financed by a $1.5 billion leveraged loan. This loan is led by a syndicate of banks headed by Barclays, as reported by Bloomberg.
Covnetics is pleased to announce its membership in the newly launched Altera Solution Acceleration Partner (ASAP) program, building on a successful 14-year partnership with Altera.
Intel is selling 51% of its Altera division to Silver Lake for $8.75 billion. This strategic move allows Intel to focus on core operations while maintaining a 49% stake in Altera, a leader in FPGA technology. Silver Lake will manage Altera, aiming to enhance its market position. The FPGA market is projected to grow from $12.1 billion in 2024 to $25.8 billion by 2029. This transaction is part of Intel's broader strategy to streamline operations and strengthen its financial position.
Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move by new CEO Lip-Bu Tan to revive the struggling American chipmaker.
Raghib Hussain appointed chief executive officer of Altera.