- Intel sells 51% Altera to Silver Lake for $ 4.46 billion, assessing business at 8.75 billion dollars
- Altera wins independence as the largest fpga semiconductor company with a pure game
- Raghib Hussain appointed the new CEO while Intel moves its strategic objective
Intel, now under the direction of the new CEO LIP-BU Tan, has been faced with a certain number of challenges in recent years, to the point where it has been said that the technology giant could sell its design and marketing business of flea or rotation of its flea factories.
It remains to be seen if this will happen in the future, but Intel says that he has signed a final agreement to sell 51% of his business Altera to Silver Lake for $ 4.46 billion.
This values the company to $ 8.75 billion, which is a drop of almost $ 17 billion, Intel paid for it in 2015.
Opportunity once in a generation
Altera has been active in FPGA development (programmable door field in the field) for more than four decades, providing programmable semiconductor solutions to be used in industries such as communications, aerospace, government, data centers and industrial automation.
The sale gives Altera operational independence and establishes it as the largest company of FPGA semiconductors of pure game in the world. Intel will retain a 49%stake, allowing it to remain involved while moving its objective more squarely towards its main operations.
The transaction should end in the second half of 2025, pending the usual closing conditions.
Once finalized, Intel plans to deconsolidate the finances of Altera. In 2024, Altera declared $ 1.54 billion in revenues, a GAAP operating loss of $ 615 million and operating profit not in accordance with $ 35 million.
Raghib Hussain, former president of Marvell products and technologies, will succeed Sandra Rivera as CEO of Altera on May 5, 2025.
“This investment represents a unique opportunity to invest in a scale leader in advanced semiconductors,” said Kenneth Hao, president and director of Silver Lake.
“With Raghib, we will focus on strengthening the position of Altera technological leadership and investment in emerging AI markets such as Edge and robotics accounts. We look forward to working in close collaboration with Intel as a strategic partner who will continue to provide American foundry services and additional commitment with customers. ”
Lip-Bu Tan described the agreement as a strategic step. “Today’s announcement reflects our commitment to display our goal, reduce our expense structure and strengthen our balance sheet,” he said.
“Altera continues to make progress in repositioning its product portfolio to participate in the fastest and profitable segments on the FPGA market. We are grateful to Sandra’s solid leadership and her lasting impact throughout her 25 -year -old Intel career and want her success to be continued when she is starting a new chapter. Raghib is a superb executive that we have chosen to close the closure of the vast experience of industry and proof of the way to form the closure of the closure of the vast experience and proof of the path of success of the success of the closure of the front with its vast experience of industry and proof of the path of success in the success of the success of the vast foreground for the vast experience of industry and of COURLILLING OF SUCCESS OF SUCCESS OF SUCCESS. The transaction, because their expertise in the industry will help to accelerate Altera’s efforts and unlock additional economic value for Intel. »»
