Altera returns to growth as AI, robotics fuel demand, CEO says

Altera, a maker of programmable chips spun out of Intel, is growing roughly 20% a year and more than doubling operating income as it prepares for an eventual public listing, Chief Executive Raghib Hussain told Reuters in an interview.

Altera became fully independent last September after Intel agreed to sell a 51% stake to Silver Lake for $4.46 billion in ‌a transaction valuing ⁠Altera ⁠at $8.75 billion. Intel retains a 49% stake.