MGX, a UAE-based investor, partners with Silver Lake to acquire a 51% stake in Altera, a California-based semiconductor company. Intel retains 49%. The deal values Altera at $8.75bn, positioning it as a leading FPGA solutions provider worldwide, focusing on AI-driven markets and various sectors.

Altera’s architecture scales effectively for AI markets, offering FPGAs, SoCs, and design solutions for sectors like automation, robotics, aerospace, and more. The Agilex product line aims to reduce AI entry costs while enhancing performance. Partnerships with foundries ensure a reliable supply chain across technology nodes.

MGX’s investment officer sees Altera as a platform for next-gen computing. Silver Lake aims to support Altera’s expansion. Intel retains a minority stake to benefit from Altera’s growth while focusing on its core business. Silver Lake expresses confidence in Altera’s tech leadership, commitment to customers, and growth potential.

Read more at Yahoo Finance: MGX joins Silver Lake as co-investor in semiconductor company Altera