Abu Dhabi: SiltaNews – News Desk
MGX, the leading Abu Dhabi-based artificial intelligence (AI) investment firm, has announced its participation as a co-investor alongside Silverlake, the leading global technology investment firm, in the Silver Lake-led acquisition of a 51% stake in Altera, Inc., with Intel retaining a 49% stake in the company. This transaction consolidates Altera’s position as the world’s largest independent FPGA company and reflects a shared confidence in Altera’s growth and development, embodying the integration of deep semiconductor expertise and a shared vision to accelerate Altera’s global leadership.
The completion of this transaction strengthens Altera’s position as the world’s largest independent provider of specialized FPGA solutions, enabling the company to accelerate innovation for its customers and partners by providing software tools, development kits, intellectual property rights, and design services used to build integrated solutions based on this technology. Altera offers a comprehensive and integrated portfolio of FPGA solutions, featuring industry-leading advanced architecture, high performance, and easy-to-use, scalable software, providing customers and developers with a seamless and efficient experience.
Through the company’s advanced product suite, known as Agilex, Altera’s advanced field-programmable gate array (FPGA) solutions play a significant role in making AI technologies more accessible by reducing investment costs while enhancing performance, reliability, and security. With flexible and adaptable supply chains, advanced technology nodes, and global factory partners, Altera ensures its customers can build with confidence anywhere in the world.
“Altera is a pivotal company in the semiconductor sector, with a distinct position in the field of advanced computing. For us at MGX, this deal represents an opportunity to develop and enhance the role of a company of this size and importance, propelling it towards the horizons of true global leadership in the era of artificial intelligence. In partnership with Silver Lake, we are keen to accelerate the pace of next-generation technologies, and ensure that Altera has the scale and innovation necessary to drive the horizons of the digital future,” said Omar Al Ismail, Chief Investment Officer of the Semiconductor and Infrastructure Sector at MGX.
“Altera is uniquely positioned at the forefront of the FPGA industry and AI development,” said Kenneth Howe, Chairman and Managing Partner of Silver Lake. “This investment reflects our confidence in Altera’s technology leadership, commitment to meeting customer needs, and significant growth potential. We are proud to support the talented team at Altera as they embark on this exciting new chapter in the company’s history, and we are delighted to have MGX join us as a partner on this journey.”