Silver Lake, Intel-backed Altera confidentially files for US IPO
FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
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Sept 15 : Chipmaker Altera has confidentially filed for a U.S. initial public offering, the Silver Lake- and Intel-backed company said on Tuesday.
Reuters had reported last week that the firm was preparing for an offering that could raise over $2 billion as early as this year, citing people familiar with the matter.
Altera makes programmable chips used in data centers, telecommunications networks, industrial equipment, AI applications and aerospace and defense systems.
Source: Reuters
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