Intel will not divest its configurable chip business: CEO of Altera

Impact of competition in the market for field-programmable gate arrays

Altera, a company that creates programmable chips enabling versatile applications, has been functioning autonomously from Intel since the beginning of 2024. Nonetheless, the separation of Altera from Intel’s administrative functions is still ongoing, with an anticipated completion date of January 2025. As revealed by Rivera, Altera is progressing faster than expected in this shift, according to the CRN report.

Back in 2015, Intel purchased Altera for $16.7 billion and merged the FPGA division into its operations known as the Programmable Solutions Group. In 2023, Intel made public its intentions to detach the sector and establish it as an independent entity to attract private investments, aligning with the broader financial strategy of CEO Pat Gelsinger. In early 2024, Altera was separated from Intel to function as its own entity.

Rivera pointed out that Altera holds a strong position in the FPGA sector, especially following AMD’s acquisition of Xilinx in 2022. During a prior media briefing, Rivera had indicated Altera’s plans to seize opportunities in the $55 billion FPGA market across various industries such as cloud computing, data centers, automotive, and aerospace.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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