Intel is rebranding its Programmable Solutions Group back to Altera. This division focuses on developing FPGA chips, which are programmable for specific computing tasks. Altera was originally an independent company until 2015 when it was acquired by Intel.
Intel made the announcement about renaming its PSG division during an FPGA Vision webcast. The company stated in a briefing with journalists that the FPGA branch will now be known as Altera - An Intel Company. Altera was the original name of the industry before it became part of Intel. The acquisition took place nine years ago for $16.7 billion, and the company was renamed Programmable Solutions Group.
On January 1, the FPGA division was launched as a separate entity from Intel. While operating independently, Intel remains the owner. The company plans to take Altera to the stock exchange within two to three years and explore options for private investments, as previously mentioned by Intel. Despite this, Intel will continue to hold a majority stake in the FPGA developer.
This is not the first time Intel has spun off one of its branches. For example, Mobileye, an Israeli company that develops chips for self-driving cars, was split off in 2022 and then went public. In that case, Intel also retained a majority stake in the company.
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