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Altera Files for $2B US IPO to Tap Booming AI Chip Demand

The Daily Upside Read original source (opens in a new tab)
The Story

News Summary

  • Intel-backed chipmaker Altera has filed confidentially for a US IPO seeking to raise $2 billion.
  • Backed by Silver Lake, the FPGA producer aims to capitalize on the AI capex boom after doubling operating income and posting 20% annual revenue growth following its partial spin-off from Intel.
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