[press release] Intel completes acquisition of Altera

[zMeul]

source: http://newsroom.intel.com/community/intel_newsroom/blog/2015/12/28/intel-completes-acquisition-of-altera

 

 

 

 

back in June 2015, Intel and Altera announced an agreement under which Intel would acquire Altera for 54$ / share, a transaction valued at over 16.7 bilion USD - yesterday, December 28, that transaction closed

  

SANTA CLARA, Calif., Dec. 28, 2015 – Intel Corporation ("Intel") today announced that it has completed the acquisition of Altera Corporation ("Altera"), a leading provider of field-programmable gate array (FPGA) technology. The acquisition complements Intel's leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments.

 

"Altera is now part of Intel, and together we will make the next generation of semiconductors not only better but able to do more," said Brian Krzanich, Intel CEO. "We will apply Moore's Law to grow today's FPGA business, and we'll invent new products that make amazing experiences of the future possible – experiences like autonomous driving and machine learning."

 

Altera will operate as a new Intel business unit called the Programmable Solutions Group (PSG), led by Altera veteran Dan McNamara. Intel is committed to a smooth transition for Altera customers and will continue the support and future product development of Altera's many products, including FPGA, ARM®-based SoC and power products. In addition to strengthening the existing FPGA business, PSG will work closely with Intel's Data Center Group and IoT Group to deliver the next generation of highly customized, integrated products and solutions.

 

"As part of Intel, we will create market-leading programmable logic devices that deliver a wider range of capabilities than customers experience today," said McNamara, corporate vice president and general manager of the Programmable Solutions Group at Intel. "Combining Altera's industry-leading FPGA technology and customer support with Intel's world-class semiconductor manufacturing capabilities will enable customers to create the next generation of electronic systems with unmatched performance and power efficiency."

 

Intel expects the acquisition to be accretive to non-GAAP EPS and free cash flow in the first full year after close, consistent with prior guidance. Intel expects the acquisition to be dilutive to GAAP EPS in the first full year after close primarily due to acquisition-related costs.

 

The combination is expected to enable new classes of products that meet customer needs in the data center and Internet of Things (IoT) market segments. Intel plans to offer Altera’s FPGA products with Intel Xeon processors as highly customized, integrated products.

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Altera, founded in 1983, was the industry 1st to deliver a reprogrammable logic device (in 1984) – the EP300

further reading: https://www.altera.com/solutions/technology/system-design/articles/_2013/in-the-beginning.html

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what is a FPGA?

FPGA stands for Field Programmable Gate Array - an integrated circuit (IC) designed to be configured by a customer or a designer after manufacturing

[Bossyfins]

That is a good accusition for Intel. They will eventually dominate the market and AMD will be in trouble

[Decon]

waiting for AMD to buy merge with Xilinx

[Nowak]

That is a good accusition for Intel. They will eventually dominate the market and AMD will be in trouble

That's already happening.

[Bossyfins]

^

 

That's already happening.

OFC, but now they will be rekt even harded. RIP AMD. 

[ilostthegame]

waiting for AMD to buy Xilinx

 

Or more like Xilinx to buy AMD.  Xilinx has as 12.3B market cap compared to AMD's 2.3B.

[Decon]

Or more like Xilinx to buy AMD.  Xilinx has as 12.3B market cap compared to AMD's 2.3B.

 

hah true

[qwertywarrior]

waiting for AMD to buy Xilinx

more like Xilinx buying AMD at this point

[Decon]

more like Xilinx buying AMD at this point

 

yeah that would be interesting

[Master Disaster]

I wonder how this will affect Nvidia and G Sync?

[Belgarathian]

I wonder how this will affect Nvidia and G Sync?

 

Explain please. 

[Master Disaster]

Explain please. 

 

Nvidia use Altera FPGA modules for G Sync displays.

[MoonSpot]

Nvidia use Altera FPGA modules for G Sync displays.

 

That is interesting if there are IP's that aren't nvidias, or entirely nvidias.  Don't off the cuff know why they couldn't just get programmable arrays elsewhere if desired otherwise.

[patrickjp93]

That is interesting if there are IP's that aren't nvidias, or entirely nvidias. Don't off the cuff know why they couldn't just get programmable arrays elsewhere if desired otherwise.

The only other real option is Xilinx. Further, Intel went after Altera partly to wound IBM as well since they partner on a number of products.