MGX co-invests with Silver Lake in Altera acquisition

Group 1 - MGX, an Abu Dhabi AI investment firm, has joined a buyout group to acquire a majority stake in Altera, leaving Intel with a 49% holding [1] - Altera is positioned as a foundational platform for next-generation computing, with ambitions to become a global leader in the AI era [2] - Intel's sale of 51% of Altera to Silver Lake valued the unit at $8.75 billion, significantly lower than the nearly $17 billion Intel paid in 2015 [3] Group 2 - MGX operates under Sheikh Tahnoon bin Zayed Al Nahyan, who oversees a $1.5 trillion business empire, including sovereign wealth funds and AI ventures [4] - Established last year with Mubadala and G42 as founding partners, MGX aims to surpass $100 billion in assets and is central to the UAE's financial intelligence strategy [5]