Intel's Strategic Move with Silver Lake

In a significant shift for its Altera Corp. business, Intel Corp. has announced a deal to sell a 51% stake to Silver Lake Technology Management L.L.C. This transaction, valuing Altera at an impressive $8.75 billion, is set to redefine Altera's future by granting it operational independence. The completion of this deal is anticipated in the latter half of 2025.

Leadership Transition at Altera

Marking a new chapter, Altera will welcome Raghib Hussain as its new CEO on May 5, succeeding Sandra Rivera. Hussain expressed optimism about Altera's path forward, stating, "Backed by Silver Lake’s strong track record and now with clarity of focus as an independent company, Altera is well-positioned to build on its momentum and deliver breakthrough FPGA-based solutions that are shaping the future of compute driven by AI."