Just like it announced in October, Intel has spun off its programmable solutions group into a standalone FPGA company that regains its historical name, Altera. Intel took over Altera for $16.7 billion in late 2015, which was among the largest acquisitions in the high-tech industry back then. The new Intel-owned company will operate independently, much as it used to, while it focuses on expanding its product lineup.
Altera will continue offering field-programmable gate array (FPGA) solutions across a wide range of applications, including traditional sectors like automotive, communications, data centers, embedded systems, industrial, and military-aerospace, as well as emerging and developing sectors like AI, cloud, network, and edge computing. The company will be led by chief executive Sandra Rivera and chief operating officer Shannon Poulin.
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