Abu Dhabi-based investment firm MGX has joined Silver Lake in acquiring 51% of Altera from Intel. The deal values Altera at $8.75 billion.
Intel retains a 49% stake. MGX did not disclose how much it invested.
Altera will become an independent Field-Programmable Gate Array (FPGA) company under the new ownership structure. The move follows Intel’s agreement in April to sell the majority stake and the official completion of the deal on September 12, 2025.
Altera recorded first-half revenue of $816 million and a gross margin of 55%. Its operating expenses stood at $356 million. These figures came ahead of the acquisition.
MGX was founded in 2024 as part of Abu Dhabi’s effort to expand its presence in artificial intelligence and financial sectors. Its co-founders include Mubadala and AI company G42.
Executives say Altera’s Agilex product line and full FPGA stack, including software tools, development kits and design services, will be central to its strategy under the new ownership.
Omar Alismail, MGX Chief Investment Officer, stated: “Altera provides a foundational platform for next-generation computing. This is an opportunity to scale a company of such significance into a true global leader for the AI era.”
