Friday, 11 September, 2026
"Chip Giant Altera Targets $2 Billion-Plus Mega-IPO Following Private Equity Split"
By TechShots Studio
Programmable chipmaker Altera—backed by private equity firm Silver Lake and Intel—is preparing for a major initial public offering that could raise over $2 billion as early as 2026. Silver Lake, which acquired a 51% controlling stake in Altera from Intel, has tapped major banks like Barclays, Citi, JPMorgan, and Morgan Stanley to underwrite what promises to be one of the semiconductor sector's largest listings in recent years.