MGX, a United Arab Emirates-based investor in AI and advanced technologies, has joined Silver Lake as a co-investor in acquiring a 51% stake in Altera. Based in California, US, Altera specialises in programmable semiconductor solutions. Intel retains the remaining 49% of Altera, reflecting the parties' interest in Altera's future within the sector. Details regarding MGX's financial involvement in this acquisition have not been revealed. The completion of this transaction establishes Altera as the large ...