Intel Announces Strategic Investment by Silver Lake in Altera
Raghib Hussain appointed chief executive officer of Altera.
Sale of 51% stake to Silver Lake to accelerate Altera’s independence and leadership in programmable semiconductor solutions.
Advances Intel’s strategy to focus on its core business and strengthen its financial position.
SANTA CLARA, Calif. & SAN JOSE, Calif. & MENLO PARK, Calif., April 14, 2025–(BUSINESS WIRE)–Intel Corporation today announced that it has entered into a definitive agreement to sell 51% of its Altera business to Silver Lake, a global leader in technology investing.
The transaction, which values Altera at $8.75 billion, establishes Altera’s operational independence and makes it the largest pure-play FPGA (field programmable gate array)…
