Santa Clara, Calif., USA - December 28, 2015 - Intel Corporation today announced that it has completed the acquisition of Altera Corporation, a leading provider of field-programmable gate array (FPGA) technology. The acquisition complements Intel's leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments. Altera will operate as a new Intel business unit called the Programmable Solutions Group (PSG), led by Altera veteran Dan McNamara. Intel is committed to a smooth transition for Altera customers and will continue the support and future product development of Altera's many products, including FPGA, ARM-based SoC and power products. In addition to strengthening the existing FPGA business, PSG will work closely with Intel's Data Center Group and IoT Group to deliver the next generation of highly customized, integrated products and solutions.
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Photo courtesy of Intel |
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Santa Clara, Calif., USA - December 28, 2015
Intel Corporation ("Intel") today announced that it has completed the acquisition of Altera Corporation ("Altera"), a leading provider of field-programmable gate array (FPGA) technology.
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Photo courtesy of Intel |
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The acquisition complements Intel's leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments.
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Brian M. Krzanich, Chief Executive Officer at Intel Corporation.
Photo courtesy of Intel |
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"Altera is now part of Intel, and together we will make the next generation of semiconductors not only better but able to do more," said Brian Krzanich, Intel CEO.
"We will apply Moore's Law to grow today's FPGA business, and we'll invent new products that make amazing experiences of the future possible – experiences like autonomous driving and machine learning."
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Photo courtesy of Intel |
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Altera will operate as a new Intel business unit called the Programmable Solutions Group (PSG), led by Altera veteran Dan McNamara.
Intel is committed to a smooth transition for Altera customers and will continue the support and future product development of Altera's many products, including FPGA, ARM®-based SoC and power products.
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Photo courtesy of Intel/Altera |
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In addition to strengthening the existing FPGA business, PSG will work closely with Intel's Data Center Group and IoT Group to deliver the next generation of highly customized, integrated products and solutions.
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Daniel R. (Dan) McNamara is corporate vice president and general manager of the Programmable Solutions Group (PSG) at Intel Corporation.
Photo courtesy of Intel |
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"As part of Intel, we will create market-leading programmable logic devices that deliver a wider range of capabilities than customers experience today," said McNamara, corporate vice president and general manager of the Programmable Solutions Group at Intel. "Combining Altera's industry-leading FPGA technology and customer support with Intel's world-class semiconductor manufacturing capabilities will enable customers to create the next generation of electronic systems with unmatched performance and power efficiency."
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Photo courtesy of Intel |
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Intel expects the acquisition to be accretive to non-GAAP EPS and free cash flow in the first full year after close, consistent with prior guidance.
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Photo courtesy of Intel |
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Intel expects the acquisition to be dilutive to GAAP EPS in the first full year after close primarily due to acquisition-related costs.
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Enhanced Flexibility and Scalability with Separate Transceiver Tiles.
The technology that makes broad deployment possible is Intel’s patented, state-ofthe-art Embedded Multi-die Interconnect Bridge (EMIB).
Intel designed EMIB for solutions that require advanced packaging and test capabilities.
Photo courtesy of Intel |
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For additional information about the transaction, visit:
http://intelacquiresaltera.transactionannouncement.com/
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation.
The company designs and builds the essential technologies that serve as the foundation for the world's computing devices.
As a leader in corporate responsibility and sustainability, Intel also manufactures the world's first commercially available "conflict-free" microprocessors.
Additional information about Intel is available at newsroom.intel.com
http://newsroom.intel.com/community/intel_newsroom
and blogs.intel.com
http://blogs.intel.com
and about Intel's conflict-free efforts at conflictfree.intel.com.
http://www.intel.com/content/www/us/en/corporate-responsibility/conflict-free-minerals.html
Contacts:
Cara Walker
Intel Media Relations
503-696-0831
cara.walker@intel.com
Trey Campbell
Intel Investor Relations
503-696-0431
trey.s.campbell@intel.com
Source: Intel Newsroom
http://newsroom.intel.com/community/intel_newsroom
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