Silver Lake completed the acquisition of a 51% stake in Altera from Intel for $4.46bn.

Silver Lake, a private equity firm specialized in technology investing, completed the acquisition of a 51% stake in Altera, a manufacturer of programmable logic devices, from Intel, a semiconductor manufacturing corporation, for $4.46bn. Intel will own the remaining 49% of the Altera business, enabling it to participate in Altera’s future success while focusing on its core business. “We are thrilled to partner with Silver Lake as this transformative investment positions us to accelerate innovation and reinforce our leadership in the FPGA market at a time when AI applications are fueling demand for programmable logic. We are laser-focused on optimizing our portfolio and unleashing the great innovation and talent of this organization to support the evolving needs of customers looking to capitalize on the significant opportunities presented by AI," Raghib Hussain, Altera CEO.