MGX joins Silver Lake in 51% acquisition of Altera, a leading company in programmable semiconductor solutions

MGX has joined Silver Lake as a co-investor in the Silver Lake-led acquisition of a 51 per cent stake in Altera. Intel Corporation will retain the remaining 49 percent stake, reflecting both parties’ confidence in Altera’s growth and highlighting a partnership that will bring deep semiconductor expertise with a shared vision to accelerate Altera’s global leadership in programmable semiconductor solutions.

Completion of the transaction establishes Altera as the world’s largest independent, pureplay Field-Programmable Gate Array (FPGA) solutions provider, empowering the company to accelerate innovation for customers and partners by providing software tools, development kits, IP and design service resources used to build complete FPGA solutions. Altera delivers a comprehensive, full-stack FPGA portfolio featuring industry-leading fabric, efficient performance, and easy-to-use, scalable software for customers and developers.

With the Agilex family of products, Altera’s advanced FPGA solutions make AI more accessible by lowering entry costs while enhancing performance, reliability, and security. With flexible, resilient supply across leading nodes and foundry partners.

Omar Alismail, Chief Investment Officer, Semiconductors and Infrastructure, at MGX said: “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 said: “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.”