Latham & Watkins Represents Silver Lake in Majority Investment in Intel’s US$8.75 Billion Altera Business

Intel Corporation announced that it has entered into a definitive agreement to sell 51% of its Altera business to Silver Lake, a global leader in technology investing. The transaction, which values Altera at US$8.75 billion, establishes Altera’s operational independence and makes it the largest pure-play FPGA (field programmable gate array) semiconductor solutions company. The transaction is expected to close in the second half of 2025, subject to customary closing conditions.

Latham & Watkins LLP represents Silver Lake in the transaction with a corporate deal team led by New York partner Justin Hamill, Bay Area partners Chad Rolston and Bret Stancil, and Chicago partner Max Schleusener, with associates Rachelle Polsky and Ryan Baker. Advice was provided on intellectual property matters by Washington, D.C. partner Morgan Brubaker and Bay Area partner Tony Klein; on tax matters by Bay Area partner Katharine Moir; on real estate matters by New York partner Michelle Kelban; and on benefits and compensation matters by New York partner Erin Murphy.