MGX Joins Silver Lake to Boost Altera’s Global FPGA Leadership

In a landmark move in the semiconductor industry, MGX has joined hands with Silver Lake as a co-investor in the acquisition of a 51 percent stake in Altera. This transaction, led by Silver Lake, is set to transform Altera into the world’s largest independent provider of Field-Programmable Gate Array (FPGA) solutions. Intel Corporation, the original owner, will continue to retain its remaining 49 percent stake. This collaboration reflects the shared confidence of both MGX and Intel in Altera’s potential for growth and innovation, while establishing a partnership that blends deep semiconductor expertise with a unified vision to accelerate Altera’s global leadership.

About the Acquisition

The transaction is structured to strengthen Altera’s position as a pure-play FPGA company. By acquiring a majority stake, MGX and Silver Lake aim to scale the company’s operations, enhance its technological offerings, and expand its reach in global markets. Intel’s decision to maintain a 49 percent stake highlights their continued trust in Altera’s capabilities and reinforces the company’s trajectory as a critical player in the semiconductor and AI-driven industries.

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Altera’s Position in the Market

Altera is widely recognized as a leading provider of FPGA solutions. These FPGAs are programmable semiconductor devices that allow companies and developers to customize hardware for specific computing tasks. This flexibility makes Altera a key contributor to innovations in AI, high-performance computing, and other next-generation technologies. By completing this acquisition, Altera now holds the distinction of being the largest independent provider of FPGA solutions globally.

The company’s comprehensive offerings include software tools, development kits, intellectual property (IP), and design services. These resources allow clients to build complete FPGA solutions tailored to their needs. Altera’s full-stack FPGA portfolio is known for its efficiency, performance, and user-friendly software, making it a preferred choice for developers and customers around the world.

The Role of Agilex Products

A cornerstone of Altera’s technology is its Agilex family of products. These advanced FPGA solutions are designed to make AI technology more accessible. By lowering entry costs and enhancing performance, reliability, and security, Agilex products enable businesses of all sizes to implement AI-driven solutions. The flexibility and resilience of the supply chain, supported by leading semiconductor nodes and trusted foundry partners, ensure that customers receive consistent, high-quality products.

Statements from MGX and Silver Lake Leadership

Omar Alismail, Chief Investment Officer for Semiconductors and Infrastructure at MGX, emphasized the strategic importance of this acquisition:
"Altera provides a foundational platform for next-generation computing. This is an opportunity to scale a company of such significance into a true global leader for the AI era. In partnership with Silver Lake, we are accelerating next-generation technologies and ensuring Altera has the reach and innovation needed to power the digital future."

Kenneth Hao, Chairman and Managing Partner at Silver Lake, added:
"Altera is uniquely positioned at the forefront of the FPGA industry and AI evolution. This investment reflects our confidence in Altera’s technology leadership, its commitment to deliver for customers, and its significant growth potential. We are proud to support CEO Raghib Hussain and the talented Altera team as they embark on this exciting next chapter, and we are delighted that MGX joins us as a partner."

Impact on the Semiconductor Industry

This acquisition is expected to significantly influence the semiconductor industry, particularly in the FPGA market. With AI and high-performance computing becoming increasingly vital, Altera’s expanded capabilities will enable faster innovation, better product offerings, and a stronger global presence. By leveraging the resources of Silver Lake and MGX, Altera can continue to lead the way in programmable semiconductor solutions.

Altera’s Comprehensive FPGA Solutions

Altera’s offerings go beyond just hardware. The company provides an end-to-end ecosystem for FPGA development. This includes software tools that help developers design and optimize circuits, development kits that simplify testing, and design services to assist in building complete systems. By providing these resources, Altera ensures that customers can innovate efficiently and bring products to market faster.

The company’s FPGA portfolio is praised for its balance of performance, scalability, and ease of use. Customers and developers can quickly deploy Altera’s solutions in applications ranging from data centers to AI-driven devices. The Agilex series, in particular, is designed to support demanding workloads while being cost-effective, reliable, and secure.

Future Prospects and Global Expansion

With this strategic partnership, Altera is well-positioned to expand its global footprint. MGX and Silver Lake’s investment will allow the company to scale operations, enter new markets, and continue developing advanced FPGA solutions. The combined expertise of these investors ensures that Altera will maintain its technological edge while meeting the growing demand for AI-enabled computing.

Intel’s continued involvement as a 49 percent stakeholder provides stability and reinforces confidence in Altera’s future. This partnership also ensures that Altera’s customers continue to receive high-quality products and services backed by industry-leading semiconductor expertise.

The MGX-Silver Lake acquisition marks a pivotal moment for Altera and the FPGA industry. By joining forces, these investors aim to accelerate innovation, expand global reach, and establish Altera as a true leader in programmable semiconductor solutions. Altera’s robust FPGA portfolio, combined with the Agilex product family, positions the company to meet the demands of next-generation computing and AI applications.

Through this partnership, Altera is poised to empower businesses, developers, and innovators worldwide, solidifying its role as a central player in the rapidly evolving semiconductor and AI landscape.

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