What Happened
Chipmaker Prepares for Public Listing Amid Semiconductor Boom
Altera, a chipmaker backed by Silver Lake and Intel, is preparing for an initial public offering that could raise over $2 billion as early as 2026. The company, which makes programmable chips used in various applications, including telecom equipment and artificial intelligence, was acquired by Intel in 2015 and became fully standalone last September. According to Reuters, Altera’s IPO could mark one of the largest semiconductor listings in recent years, and the company’s products are used in data centers, telecommunications networks, and aerospace and defense systems.