Intel to sell a seat share in Alter Chip Business to Silver Lake

Intel said on Monday that she agreed to sell 51 % of her semiconductor work to Silver Lake, a private stock company.

Intel said in a press statement that the deal, which is estimated at 8.75 billion dollars, would make the department “independently independently.” The chip maker will keep a 49 % stake in Altera, which will be led by Raghib Govern, which is scheduled to succeed Sandra Rivera as an executive president on May 5.

“Today’s Declaration reflects our commitment to our focus, reduces our expenses, and enhances our public budget,” Intel CEO Lips said in a statement. “Altera continues to make progress that re -locates its product portfolio to participate in the fastest and most profitable sectors in the FPGA market.”

Altera was founded in 1983 by the veterans of the semiconductors, Rodney Smith, Robert Hartmann, James Sansbi and Paul Newhaghan. The company is developing a group of programmed chips known as the stove and FPGAS, and the program to support them. Its chips are used in industries such as communications, robots and AI.

Intel got Altera in 2015 for $ 16.7 billion, and a business unit was called a group of programmed solutions (PSG). In 2023, Intel said it would take place in PSG to a separate company while maintaining the ownership of the majority, and aims to search for public subscription within three years.

The decision to leave Paris Saint -Germain came at the time of rapid growth in the FPGA sector. According to one of the analyzes, the FPGAS market may grow from $ 12.1 billion last year to $ 25.8 billion by 2029.

In the fiscal year 2024, Altera achieved revenues of $ 1.54 billion.

The deal is expected to be closed with Silver Lake in the second half of 2025.