 | |
 Headquarters in San Jose, California | |
| Company type | Subsidiary |
|---|---|
| Industry | Integrated circuits |
| Founded | June 1983 |
| Headquarters | San Jose, California, United States |
Key people | Sandra L. Rivera (CEO) |
| Products | FPGAs CPLDs Embedded systems ASICs |
| Revenue |  $1.932 billion (2014) |
| $472 million (2014) | |
| Total assets |  $5.674 billion (2014) |
| Total equity | $3.285 billion (2014) |
Number of employees | 3,091 (2014) |
| Parent | Intel |
| Website | altera |
| Footnotes / references [1] | |
Altera Corporation is a manufacturer of programmable logic devices (PLDs) headquartered in San Jose, California. It was founded in 1983 and acquired by Intel in 2015 before becoming independent once again in 2024 as a company focused on development of Field-Programmable Gate Array (FPGA) technology and system on a chip FPGAs.
The company was founded in 1983 by semiconductor veterans Rodney Smith, Robert Hartmann, James Sansbury, and Paul Newhagen with $500,000 in seed money. The name of the company was a play on "alterable", the type of chips the company created. In 1988, Altera became a public company via an initial public offering (IPO).[2]
On December 28, 2015, the company was acquired by Intel and became a newly formed business unit called Programmable Solutions Group (PSG).[3] In October 2023, Intel announced it would be spinning off PSG into a separate company at the start of 2024, while maintaining majority ownership and intending to seek an IPO within three years.[4][5] In February 2024, Intel announced that the newly independent company would reestablish the Altera name and branding.[6]
- ^ "Altera Corporation 2014 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "The Road to Innovation Drive" (PDF). Altera News & Views. 2003 (Q2): 5–10. June 2003.
- ^ Darrow, Barb (December 28, 2015). "Altera Gives Intel a Hot Hand in Programmable Chips". Fortune. Retrieved 2023-08-24.
- ^ King, Ian (October 3, 2023). "Intel to Make Former Altera Into Standalone Business, Seek IPO". Bloomberg News.
- ^ Leswing, Kif (October 3, 2023). "Intel plans to IPO programmable chip unit within three years; stock rises after hours". CNBC.
- ^ "Intel Launches Altera, Its New Standalone FPGA Company". Intel. Retrieved 2024-02-29.