Intel is to spin off Altera or PSG (Programmable Solutions Group) as Intel calls it – into a separate unit as from January 1st.
‘Over the next two to three years, Intel intends to conduct an IPO for PSG and may explore opportunities with private investors to accelerate the business’s growth, with Intel retaining a majority stake,’ says Intel.
Intel quotes ‘third-party estimates’ saying the FPGA market is expected to grow at a CAGR of more than 9%, from $8 billion in revenues in 2023 to $11.5 billion by 2027.
Intel bought Altera in 2015. The last time it reported Altera’s financial results separately – in 2019 – Altera had annual revenue of $1.99 billion.
