Editing Altera (section)

==Intel partnership, acquisition and ownership==
===PLD technology licensing partnership===
In 1984, the company formed a partnership with [[Intel]], licensing its programmable logic technology to Intel.<ref>{{Cite web |title=Intel PLD business |url=https://semiengineering.com/entities/intel-pld-business/ |access-date=2024-12-17 |website=Semiconductor Engineering |language=en-US}}</ref> In 1994, Altera acquired the PLD business of Intel for $50 million.<ref name=":1">{{cite web |title=MERCHANT IC VENDORS |url=http://smithsonianchips.si.edu/ice/cd/ASIC97/SECTION3.PDF |publisher=[[Smithsonian Institution]]}}</ref>

===Intel 14-nm technology===
In February 2013, Altera announced an agreement to use [[Intel]]'s [[semiconductor fabrication plant|foundry]] services to produce its 14-nm node for the future manufacturing of its FPGAs, based on Intel's 14-nm tri-gate transistor technology, in place of Altera's ongoing agreement with [[TSMC]].<ref>{{cite press release |url=https://newsroom.intel.com/news-releases/altera-to-build-next-generation-high-performance-fpgas-on-intels-14-nm-tri-gate-technology/ |title=Altera to Build Next-Generation, High-Performance FPGAs on Intel's 14 nm Tri-Gate Technology |publisher=[[Intel]] |date=February 25, 2013}}</ref> The Stratix 10 product family was the first such product line.<ref>{{cite news |last=Hruska |first=Joel |date=October 10, 2016 |title=Intel launches Stratix 10: Altera FPGA combined with ARM CPU, 14&nbsp;nm manufacturing |url=https://www.extremetech.com/computing/237338-intel-launches-stratix-10-altera-fpga-combined-with-arm-cpu-14nm-manufacturing |work=ExtremeTech.}}</ref>

=== Acquisition and ownership by Intel ===
In December 2015, [[Intel]] acquired Altera for $16.7 billion in cash.<ref>{{cite news |last=vemeko |first=FPGA |date=August 18, 2024 |title=Introduction to Altera FPGA |url=https://www.vemeko.com/blog/altera-fpga-leading-innovation-in-programmable-logic-devices.html |url-access=subscription |work=vemeko FPGA}}</ref><ref>{{Cite news |last=Burt |first=Jeffrey |date=December 28, 2015 |title=Intel Completes $16.7 Billion Altera Deal |url=http://www.eweek.com/servers/intel-completes-16.7-billion-altera-deal.html |work=[[eWeek]]}}</ref> Altera became Intel's newly formed business unit called the Programmable Solutions Group (PSG).<ref name="acq-done">{{Cite web |last=Darrow |first=Barb |date=December 28, 2015 |title=Altera Gives Intel a Hot Hand in Programmable Chips |url=https://fortune.com/2015/12/28/intel-completes-altera-acquisition/ |access-date=2023-08-24 |website=[[Fortune (magazine)|Fortune]] |language=en}}</ref>

In October 2023, Intel announced that at the start of 2024 it would begin a process of spinning off PSG into a separate company, while maintaining majority ownership and intending to seek an [[IPO]] within three years.<ref name="spinoff1">{{Cite news |last=King |first=Ian |date=October 3, 2023 |title=Intel to Make Former Altera Into Standalone Business, Seek IPO |url=https://www.bloomberg.com/news/articles/2023-10-03/intel-to-make-former-altera-into-standalone-business-seek-ipo |publisher=[[Bloomberg News]]}}</ref><ref name="spinoff2">{{Cite web |last=Leswing |first=Kif |date=October 3, 2023 |title=Intel plans to IPO programmable chip unit within three years; stock rises after hours |url=https://www.cnbc.com/2023/10/03/intel-plans-to-ipo-programmable-chip-unit-within-three-years.html |publisher=[[CNBC]]}}</ref> In February 2024, Intel announced that the newly independent company would reestablish the Altera name and branding,<ref name=":0">{{Cite web |date=29 February 2024 |title=Intel Launches Altera, Its New Standalone FPGA Company |url=https://www.intel.com/content/www/us/en/newsroom/news/intel-launches-altera-standalone-fpga-operation.html |access-date=2024-02-29 |website=Intel |language=en}}</ref> and on January 1, 2025, Altera officially became an independent subsidiary of Intel.<ref>{{Cite web |last=Comment |first=Charlotte Trueman |date=2025-01-10 |title=FPGA company Altera announces independence from Intel |url=https://www.datacenterdynamics.com/en/news/fpga-company-altera-announces-independence-from-intel/ |access-date=2025-03-21 |website=www.datacenterdynamics.com |language=en}}</ref><ref>{{Cite web |title=Inside Edge: A New Era for FPGA Innovation Begins |url=https://www.linkedin.com/pulse/inside-edge-new-era-fpga-innovation-begins-altera-fpga-oyhfc/ |access-date=2025-03-21 |website=www.linkedin.com |language=en}}</ref>

On April 14, 2025, Intel announced that they agreed to sell a 51% controlling stake to Silver Lake, a private equity firm.<ref>{{Cite web |last=Bairey |first=Steph |date=2025-04-14 |title=Intel Announces Strategic Investment by Silver Lake in Altera |url=https://newsroom.intel.com/corporate/intel-partner-deal-news-april2025 |access-date=2025-04-14 |website=Newsroom |language=en-US}}</ref><ref>{{cite web |url=https://newsroom.intel.com/corporate/intel-partner-deal-news-april2025 |title=Intel Announces Strategic Investment by Silver Lake in Altera |date=14 April 2025 |website=intel.com |access-date=14 April 2025}}</ref> With this sale, Intel also cancelled their plan to conduct an IPO for the Altera business, with now the majority stake being owned by Silver Lake. It was announced that Raghib Hussain will replace Sandra Rivera as the chief executive officer of Altera, with an effective date of May 5, 2025. <ref>{{Cite web |last=Cornell |first=Joe |title=Intel Cancels IPO Carveout Of Altera |url=https://www.forbes.com/sites/joecornell/2025/04/16/intel-cancels-ipo-carveout-of-altera/ |access-date=2025-05-04 |website=Forbes |language=en}}</ref>