Altera

Altera Corporation
Company typeSubsidiary
IndustryIntegrated circuits
FoundedJune 1983; 41 years ago (June 1983)
HeadquartersSan Jose, California, United States
Key people
Sandra L. Rivera (CEO)
ProductsFPGAs
CPLDs
Embedded systems
ASICs
RevenueIncrease $1.932 billion (2014)
Increase $472 million (2014)
Total assetsDecrease $5.674 billion (2014)
Total equityDecrease $3.285 billion (2014)
Number of employees
3,091 (2014)
ParentIntel
Websitealtera.com
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]

  1. ^ "Altera Corporation 2014 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "The Road to Innovation Drive" (PDF). Altera News & Views. 2003 (Q2): 5–10. June 2003.
  3. ^ Darrow, Barb (December 28, 2015). "Altera Gives Intel a Hot Hand in Programmable Chips". Fortune. Retrieved 2023-08-24.
  4. ^ King, Ian (October 3, 2023). "Intel to Make Former Altera Into Standalone Business, Seek IPO". Bloomberg News.
  5. ^ Leswing, Kif (October 3, 2023). "Intel plans to IPO programmable chip unit within three years; stock rises after hours". CNBC.
  6. ^ "Intel Launches Altera, Its New Standalone FPGA Company". Intel. Retrieved 2024-02-29.