Altera Files Private IPO Application with SEC

(Seoul = Yonhap News) Reporter Seol Won-tae = Reuters reported on the 15th (local time) that U.S. semiconductor company Altera submitted an application for a private initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC).

It is reported that Altera aims to raise more than $2 billion through an IPO.

Altera produces programmable chips used in data centers, communication networks, industrial equipment, AI applications, and aerospace and defense systems. This chip could be responsible for networking, data processing, and part of AI inference.

“A future IPO will reveal whether hyperscalers represent a significant portion of Altera’s customer base,” said IPOX analyst Lucas Muhlbauer.

Altera, which Intel acquired for $16.7 billion in 2015, became independent in September last year when Silver Lake acquired a 51% stake for $4.46 billion. At this time, Altera's corporate value was estimated at $8.75 billion. Intel still owns 49% of Altera.