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Arabian Gulf Business Insight on MSN

MGX in group buying majority stake in Intel’s Altera

Emirati state-backed technology investor MGX has joined a Silver Lake-led group in buying a 51 percent stake in US chipmaker Altera. Intel Corporation will retain the remaining 49 percent stake, MGX ...
MGX, the United Arab Emirates-backed fund, will join Silver Lake in purchasing a 51% stake in Altera, a programmable chip business spinning out of Intel, the fund said Tuesday. Altera is MGX’s first ...
Emirates News Agency on MSN

MGX joins Silver Lake in Altera acquisition

MGX, a leading AI investment firm and strategic partner to Silver Lake, today announced that it has joined Silver Lake as a co-investor in the Silver Lake-led acquisition of a 51% stake in Altera.
Chip stocks rally on strong demand for data center chips and memory products, with top performers including ON Semiconductor, ...
Estée Lauder (NYSE:EL): Beauty products company Estée Lauder (NYSE:EL) rose by 3.5% on Monday after an analyst at Evercore ...
US gov plans to take stake in Intel to boost value like Taiwan Semiconductor. Intel sold 51% of Altera to Silver Lake. Share ...
JERUSALEM (Reuters) -Israeli cybersecurity startup Vega said on Tuesday it had raised $65 million in early-stage financing rounds that valued it at $400 million. The funding, which included so-called ...
MGX, an Abu Dhabi artificial intelligence investment firm and partner of Silver Lake, said on Tuesday it has joined the ...
Intel shares jumped about 5% on Monday after the company sold a majority stake in its Altera chip division and lowered its ...
Intel has completed its sale of a majority stake in Altera.
AsianFin -- Intel Corp. is undergoing a major leadership transition in its Chinese operations as Wang Rui, Senior Vice President and Chairwoman of Intel China, prepares to retire later this month, six ...
Intel trimmed its full-year 2025 adjusted operating expense target from $17 billion to $16.8 billion after selling off part ...