Aggressive affect on the FPGA market
Altera — which designs field-programmable gate arrays (FPGAs), permitting chips to be reprogrammed for numerous purposes — has been working independently of Intel since early 2024. Nonetheless, the corporate remains to be decoupling from Intel’s administrative features, a course of anticipated to be accomplished by January 2025. In keeping with Rivera, Altera is “forward of schedule” on this transition, the CRN report added.
Intel acquired Altera for $16.7 billion in 2015, integrating the FPGA enterprise into its operations beneath the title Programmable Options Group. In 2023, Intel introduced plans to spin off the unit as a standalone firm to draw non-public funding and help Intel’s broader monetary technique beneath CEO Pat Gelsinger. In early 2024, Altera was spun off from Intel as a separate enterprise.
Rivera famous that Altera is well-positioned within the FPGA market, notably after the acquisition of competitor Xilinx by AMD in 2022. In an earlier press briefing, Rivera had stated that Altera goals to capitalize on a $55 billion FPGA market alternative, spanning sectors like cloud, information facilities, automotive, and aerospace.