Overview

• MGX, an Abu Dhabi AI investment vehicle tied to Sheikh Tahnoon and founded with Mubadala and G42, confirmed it joined the Silver Lake–led group but did not disclose its commitment size.
• Intel finalized the sale on September 12, with filings indicating roughly $3.3 billion of equity value within an $8.75 billion enterprise valuation previously announced in April.
• The transaction sets up Altera as an operationally independent FPGA company with Intel remaining a 49% minority shareholder.
• MGX executive Omar Alismail described Altera as a foundational platform for next‑generation computing and framed the investment as a bid to scale the business for the AI era.
• The completed deal positions Altera as the largest independent provider of FPGA solutions, a status expected to strengthen its software tools and development kits.