MGX, a United Arab Emirates-based investor in AI and superior applied sciences, has joined Silver Lake as a co-investor in buying a 51% stake in Altera.
Primarily based in California, US, Altera specialises in programmable semiconductor options.
Intel retains the remaining 49% of Altera, reflecting the events’ curiosity in Altera’s future throughout the sector.
Particulars concerning MGX’s monetary involvement on this acquisition haven’t been revealed.
The completion of this transaction establishes Altera as the most important impartial supplier of field-programmable gate array (FPGA) options worldwide. This standing is anticipated to enhance Altera’s means to develop options, supplying software program instruments and improvement kits needed for constructing FPGA techniques.
In April 2025, Intel introduced an settlement to promote its majority stake in Altera to Silver Lake, a know-how investor. The transaction valued Altera at $8.75bn and supplied it with the operational independence wanted for accelerating FPGA improvement.
Altera’s structure is alleged to have been constructed to scale successfully to fulfill the wants of AI-driven markets.
Its choices embrace FPGAs, system-on-chips (SoCs), and design options geared toward numerous sectors equivalent to industrial automation, robotics, aerospace, defence, knowledge centres, and telecommunications.
The corporate’s Agilex product line goals to scale back AI entry prices whereas enhancing efficiency and safety. Moreover, Altera is alleged to have established partnerships with foundries to make sure a constant and reliable provide chain throughout numerous know-how nodes.
MGX semiconductors and infrastructure chief funding officer Omar Alismail stated: “Altera gives a foundational platform for next-generation computing. This is a chance to scale an organization of such significance into a real international chief for the AI period.
“In partnership with Silver Lake, we’re accelerating next-generation applied sciences and guaranteeing Altera has the attain and innovation wanted to energy the digital future.”
Silver Lake had beforehand acknowledged that it supposed to make use of its expertise in rising semiconductor firms to help Altera’s enlargement throughout very important sectors.
In the meantime, Intel’s retention of a minority stake permits it to learn from Altera’s progress whereas refocusing on its major enterprise operations.
Silver Lake chair and managing companion Kenneth Hao stated: “Altera is uniquely positioned on the forefront of the FPGA business and AI evolution. This funding displays our confidence in Altera’s know-how management, its dedication to ship for purchasers, and its important progress potential.”
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