Altera

Altera, an Intel-backed programmable semiconductor company, filed confidentially for a US IPO seeking to raise $2 billion, positioning itself as a beneficiary of AI infrastructure investment. The company was acquired by Intel for $16.7B in 2015, sold to Silver Lake at a 51% stake valuation of roughly $8.4B in 2024, and now claims over 20% revenue growth and doubled operating income.