MGX, a United Arab Emirates-based investor in AI and advanced technologies, has joined Silver Lake as a co-investor in acquiring a 51% stake in Altera.

Based in California, US, Altera specialises in programmable semiconductor solutions.

Intel retains the remaining 49% of Altera, reflecting the parties’ interest in Altera’s future within the sector.

Details regarding MGX’s financial involvement in this acquisition have not been revealed.

The completion of this transaction establishes Altera as the largest independent provider of field-programmable gate array (FPGA) solutions worldwide. This status is expected to improve Altera’s ability to develop solutions, supplying software tools and development kits necessary for building FPGA systems.

In April 2025, Intel announced an agreement to sell its majority stake in Altera to Silver Lake, a technology investor. The transaction valued Altera at $8.75bn and provided it with the operational independence needed for accelerating FPGA development.

Altera’s architecture is said to have been built to scale effectively to meet the needs of AI-driven markets.

Its offerings include FPGAs, system-on-chips (SoCs), and design solutions aimed at various sectors such as industrial automation, robotics, aerospace, defence, data centres, and telecommunications.

The company’s Agilex product line aims to reduce AI entry costs while enhancing performance and security. Furthermore, Altera is said to have established partnerships with foundries to ensure a consistent and dependable supply chain across various technology nodes.

MGX semiconductors and infrastructure chief investment officer Omar Alismail said: “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.

“In partnership with Silver Lake, we are accelerating next-generation technologies and ensuring Altera has the reach and innovation needed to power the digital future.”

Silver Lake had previously stated that it intended to use its experience in growing semiconductor companies to support Altera’s expansion across vital sectors.

Meanwhile, Intel’s retention of a minority stake allows it to benefit from Altera’s growth while refocusing on its primary business operations.

Silver Lake chair and managing partner Kenneth Hao said: “Altera is uniquely positioned at the forefront of the FPGA industry and AI evolution. This investment reflects our confidence in Altera’s technology leadership, its commitment to deliver for customers, and its significant growth potential.”