Do Son 
After confirming plans last year to divest part of its FPGA programmable chip business, Altera, Intel has now officially announced the sale of its 51% stake in the company for $4.46 billion. The transaction is expected to close in the second half of this year.
The buyer is confirmed to be Silver Lake, a U.S.-based private equity firm previously rumored to be involved. Intel will retain approximately 49% of Altera’s equity. Concurrently, the company announced that Raghib Hussain, former President of Products and Technologies at Marvell, will succeed Sandra Rivera as CEO of Altera, effective May 5.
Intel CEO Pat Gelsinger emphasized that the deal reflects Intel’s strategic focus on core business priorities, cost structure optimization, and a strengthened balance sheet.
Altera, originally acquired by Intel in 2015 for $16.7 billion, currently operates as a wholly owned, independently run subsidiary specializing in FPGA programmable chip design for broader processor applications. Intel had previously considered taking Altera public through an IPO, though the plan never materialized.
However, Altera’s current estimated valuation stands at just $8.75 billion—roughly half the amount Intel originally paid for its acquisition.
