Intel Corporation today announced that it has completed the acquisition of Altera Corporation ("Altera"), a leading provider of field-programmable gate array (FPGA) technology. The acquisition complements Intel's leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments.
"Altera is now part of Intel, and together we will make the next generation of semiconductors not only better but able to do more," said Brian Krzanich, Intel CEO. "We will apply Moore's Law to grow today's FPGA business, and we'll invent new products that make amazing experiences of the future possible - experiences like autonomous driving and machine learning."
Altera will operate as a new Intel business unit called the Programmable Solutions Group (PSG), led by Altera veteran Dan McNamara. Intel is committed to a smooth transition for Altera customers and will continue the support and future product development of Altera's many products, including FPGA, ARM-based SoC and power products. In addition to strengthening the existing FPGA business, PSG will work closely with Intel's Data Center Group and IoT Group to deliver the next generation of highly customized, integrated products and solutions.
"As part of Intel, we will create market-leading programmable logic devices that deliver a wider range of capabilities than customers experience today," said McNamara, corporate vice president and general manager of the Programmable Solutions Group at Intel. "Combining Altera's industry-leading FPGA technology and customer support with Intel's world-class semiconductor manufacturing capabilities will enable customers to create the next generation of electronic systems with unmatched performance and power efficiency."
Intel expects the acquisition to be accretive to non-GAAP EPS and free cash flow in the first full year after close, consistent with prior guidance. Intel expects the acquisition to be dilutive to GAAP EPS in the first full year after close primarily due to acquisition-related costs.
For additional information about the transaction, visit this page.
Recommended for You
Latest News Posts
- Nintendo to produce significant stock of SNES Classic
- MEGA GIVEAWAY: AMD Threadripper 16c/32t Upgrade Kit!
- 4K gaming audience is 'too limited' for Nintendo
- AMD EPYC: 64C/128T dual-CPU against Intel 56C/112T CPUs
- Samsung is close to the world's most profitable company
- Intel SSD 5 545s 512GB SATA III SSD Review
- Patriot Viper V570 RGB Laser Gaming Mouse Review
- WD Red 10TB NAS HDD Review
- modded my x79-ud3 bios, processor support question
- The Mummy Movie Review
- Logitech Circle 2 will be compatible with Amazon Echo Show
- Synology introduces DiskStation DS1517 and DS1817
- Deep Silver and 4A Games are proud to announce Metro Exodus
- Microsoft premieres Xbox One X, world's most powerful console
- Phison gears up for mobile phone market with PS8226 3D NAND eMMC 5.1 controller