- Intel sells 51% altera to Silver Lake for $ 4.46 billion, valuing businesses at $ 8.75 billion
- Independence is won as the largest pure game semiconductor company
- Raghib Hussain named the new CEO while Intel changes his strategic approach
Intel, now under the leadership of the new CEO Lip-Bu Tan, has faced a series of challenges in recent years, to the point that it was rumored that the technological giant could sell its chip and marketing design or turn its chips plants.
It remains to be seen if that will happen in the future, but Intel says that he has signed a definitive agreement to sell 51% of his altera business to Silver Lake for $ 4.46 billion.
This values the company at $ 8.75 billion, which is a large drop of almost $ 17 billion that Intel paid in 2015.
Generation
Altera has been active in the development of FPGA (programmable field matrix) for more than four decades, providing programmable semiconductor solutions for use in industries such as communications, aerospace, government, data centers and industrial automation.
The sale offers the operational independence of Altera and establishes it as the company of semiconductors FPGA of the world’s largest pure game. Intel will maintain a 49%participation, which will allow him to remain involved while changing his focus more directly to his central operations.
The transaction is expected to close in the second half of 2025, pending regular closure conditions.
Once finished, Intel plans to disconsolidate the finances of alter. In 2024, Altera reported $ 1.54 billion in revenues, a GAAP operational loss of $ 615 million and non -gaap operational income of $ 35 million.
Raghib Hussain, formerly president of products and technologies in Marvel, will happen to Sandra Rivera as CEO of Altera on May 5, 2025.
“This investment represents a unique opportunity in the generation of investing in a scale leader in advanced semiconductors,” said Kenneth Hao, president and managing partner of Silver Lake.
“Together with Raghib, we will focus on strengthening the position of technological leadership of Altera and investing in emerging markets promoted by AI, such as Edge’s computing and robotics. We hope to work closely with Intel as a strategic partner that will continue to provide founding services based on the United States and a complementary participation with customers.”
Lip-Bu described the agreement as a strategic step ahead. “Today’s announcement reflects our commitment to sharpen our approach, reduce our expense structure and strengthen our balance,” he said.
“Altera continues to progress repositioning its product portfolio to participate in the fastest and most profitable segments of the FPGA market. We are grateful for the strong leadership of Sandra and the lasting impact throughout her 25 -year Intel career and we want her continuous success at the beginning a new chapter. Raghib is an excellent executive that we select to lead the experience of the industry industry and industry. Transaction, since your experience in the industry will help accelerate altera efforts and unlock additional economic value for Intel. “
