Intel sold control of Altera last year. Now the programmable-chip company is heading back toward the public market just as AI gives investors a new reason to care about FPGAs.
Altera said on September 15 that it confidentially filed for a U.S. IPO. Reuters previously reported that the offering could raise more than $2 billion. Silver Lake owns 51% after investing $4.46 billion for control, while Intel Corporation (NASDAQ:INTC) retains 49%.
Intel Corp.'s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website
The most useful strategic comparison is Advanced Micro Devices, Inc. (NASDAQ:AMD), which bought FPGA leader Xilinx in 2022 and integrated programmable silicon into a much broader data-center portfolio.
Intel bought Altera for $16.7 billion in 2015 before separating the business and selling control to Silver Lake. An IPO would create a new market valuation for Intel Corporation's (NASDAQ:INTC) remaining interest.
#corp
Altera said on September 15 that it confidentially filed for a U.S. IPO. Reuters previously reported that the offering could raise more than $2 billion. Silver Lake owns 51% after investing $4.46 billion for control, while Intel Corporation (NASDAQ:INTC) retains 49%.
Intel Corp.'s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website
The most useful strategic comparison is Advanced Micro Devices, Inc. (NASDAQ:AMD), which bought FPGA leader Xilinx in 2022 and integrated programmable silicon into a much broader data-center portfolio.
Intel bought Altera for $16.7 billion in 2015 before separating the business and selling control to Silver Lake. An IPO would create a new market valuation for Intel Corporation's (NASDAQ:INTC) remaining interest.
#corp
56 mins. ago
