MGX, the renowned Abu Dhabi-based artificial intelligence investment firm, has made headlines by co-investing alongside Silver Lake in the acquisition of a majority stake in Altera, a leading California programmable chip company. This strategic move highlights the growing influence of AI-focused investors in the global tech sector.
MGX and Silver Lake Strengthen Partnership
MGX’s partnership with Silver Lake signals a deeper collaboration in acquiring and scaling high-potential technology businesses. By joining the buyout group, MGX cements its place as a key player in the semiconductor and AI sectors. Intel, the previous majority owner, now holds a 49% stake in Altera, indicating continued involvement in the company’s future while allowing new leadership and investment to drive innovation.
What This Means for the Chip Industry
This acquisition is expected to inject fresh capital and expertise into Altera, fostering advancements in programmable chips and AI-driven solutions. The involvement of MGX and Silver Lake could accelerate Altera’s growth and influence within the semiconductor market, providing new opportunities for innovation and market expansion.
Sources:
Reuters – MGX co-invests with Silver Lake in Altera acquisition
