Intel won't sell off its programmable chip business: Altera CEO.

Intel has confirmed that it will not sell off its programmable chip business, Altera, but instead plans to sell a stake in the company and take it public by 2026. The decision to spin off Altera and pursue an IPO could have a significant impact on the competitive dynamics of the FPGA market. Altera, which designs field-programmable gate arrays, has been operating independently of Intel since early 2024 and is ahead of schedule in its transition. The ultimate goal is to make Altera a leading player in the FPGA industry, with the IPO being a critical milestone. [Extracted from the article]