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Abu Dhabi’s MGX and US investment firm Silver Lake have acquired a 51% stake in Intel's Altera. The California-based company designs and builds specialized computer chips called FPGAs that provide reliable, full-stack AI programs for customers. The deal establishes Altera as the world's largest dedicated provider of these chips.
Why This Matters
The acquisition of a majority stake in Altera by Abu Dhabi’s MGX and Silver Lake highlights the UAE’s growing role in strengthening US semiconductor innovation and supply chain resilience. This deal supports US domestic innovation and advanced manufacturing, ensuring US companies remain at the forefront of the AI race.
UAE-US tech partnerships have a proven track record. Past investments, such as Mubadala’s stake in AMD and the creation of GlobalFoundries, have resulted in thousands of high-quality jobs and robust economic growth in states like New York and Vermont.