Altera filed confidentially for a U.S. initial public offering. The chipmaker specializes in programmable semiconductors for AI, data centers, and automation. Silver Lake and Intel Corp. currently back the company.
Intel originally acquired Altera for approximately $16.7 billion in 2015. Silver Lake purchased a 51% majority stake in 2025. The transaction valued Altera at $8.75 billion. Intel retains a 49% ownership stake.
The offering could raise more than $2 billion. The IPO may launch as early as 2026. Altera has not yet determined the share count or price range.