Intel plans to spin off FPGA group as an independent company nine years after buying Altera

On October 3, CEO Pat Gelsinger announced Intel’s plan to spin out the company’s Programmable Solutions Group (PSG) – the group that was once known as independent FPGA maker Altera – into an independently operated company. Gelsinger’s explanation for why Intel is spinning PSG back out into an independent company is that he’s unlocking shareholder…

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