Altera, the field programmable gate array (FPGA) division of Intel Corp., is moving closer to being sold, according to numerous reports.
Speculation is that Altera, which was officially made part of Intel in December of 2025, is up for sale as Intel seeks to refocus its product portfolio and divest itself of divisions that are no longer in its core business.
Intel already launched Altera as a standalone company in March of 2024 with a focus on FPGAs integrated with AI built into the fabric of the processors. Altera once again became the name of the standalone company after the name was retired when it was integrated into Intel.
Suitors
According to Bloomberg, Silver Lake Management is in exclusive negotiations to acquire a majority stake in Altera. The private equity firms Francisco Partners, Apollo Global Management and Bain Capital are also in the mix. Altera competitor Lattice Semiconductor is also rumored to be interested in acquiring the company.
However, Silver Lake may be the frontrunner, and talks are in the advanced stages. The exact stake remains undecided. Intel originally acquired Altera for $16.7 billion.
Another report from CNBC said that Intel originally planned to sell at least a minority stake in Altera when they spun it off into a standalone company. The move could give Intel several billions in cash as it struggles financially.
