Abu Dhabi’s MGX Joins Silver Lake in Deal for Intel’s Altera
Abu Dhabi-based investment firm MGX has partnered with private equity firm Silver Lake Management to acquire a 51% stake in Intel's Altera, a company that specializes in programmable chips. The deal reflects the growing interest in artificial intelligence (AI) and the technology that powers it. Altera's programmable chips are widely used in various industries, including data centers, communications, and automotive. The acquisition allows MGX and Silver Lake to leverage Altera's expertise and technology to further their investments in AI and related fields. The transaction highlights the increasing global collaboration and investments in the rapidly evolving AI sector, as companies seek to stay ahead of the curve in this transformative technology.
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