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Intel Sells 51% of Altera, Creating FPGA Giant

4/19/2025

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Summary

Story summary

Intel is set to sell a 51% stake in Altera to Silver Lake, transforming it into an independent FPGA powerhouse valued at a staggering $8.75 billion. This landmark deal, anticipated to finalize in late 2025, will elevate Altera as the largest standalone FPGA provider, with Raghib Hussain stepping in as CEO on May 5, 2025, while Intel holds onto a 49% share.

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Story summary

Intel is set to sell a 51% stake in Altera to Silver Lake, transforming it into an independent FPGA powerhouse valued at a staggering $8.75 billion. This landmark deal, anticipated to finalize in late 2025, will elevate Altera as the largest standalone FPGA provider, with Raghib Hussain stepping in as CEO on May 5, 2025, while Intel holds onto a 49% share.