August 18, 2025 /SemiMedia/ — Altera, a leading supplier of programmable logic devices (FPGAs), said it will cut 82 jobs at its San Jose headquarters this fall as the company reshapes operations after gaining independence from Intel.

Founded in 1983 and acquired by Intel in 2015 for $16.7 billion, Altera was spun out earlier this year as a standalone business. Intel sold a 51% stake to private equity firm Silver Lake Capital in a deal worth $8.75 billion while retaining 49%, with the transaction expected to close later this year.

Industry sources said the layoffs highlight Altera’s restructuring following the ownership change. The move is aimed at giving the company greater flexibility to innovate in fast-growing markets such as telecommunications, data centers and automotive technology.

With programmable logic playing an increasingly vital role in emerging applications, Altera plans to use its operational independence to accelerate product development and strengthen its competitiveness in the semiconductor industry.