Altera, now backed by Silver Lake and Intel, is moving toward a confidential IPO that could raise over $2 billion and list as early as 2026, in what would be a major standalone semiconductor listing driven by growth in FPGAs for AI, robotics, and edge computing. The move follows Intel's 2015 acquisition, subsequent partial sale to Silver Lake in 2025, and fresh governance with new independent directors as Altera positions itself to capitalize on its double-digit revenue growth and expanding AI-enabled FPGA portfolio.
