Intel announced today that it is reviving the Altera brand name for its new standalone FPGA (field-programmable gate array) company. The business was previously known as Intel's Programmable Solutions Group before being spun off into an independent entity two months ago. The chipmaking giant acquired Altera in 2015 for $16.7 billion to bolster its FPGA capabilities. Using the well-known Altera moniker for the new standalone company signals Intel's confidence in the FPGA market opportunity, which it estimates to be over $55 billion across data centers, communications, and embedded segments. As a standalone company with its own board of directors, Altera will be able to focus exclusively on the FPGA market. Intel will remain a majority shareholder, but outside investment could help fund expansion plans.

Altera plans to build on the Programmable Solutions Group's recent efforts targeting lower-end and mid-range FPGAs for embedded devices in industrial, automotive and aerospace/defense applications. According to Intel CEO Pat Gelsinger, independence will give Altera "the mandate, focus and resources to better capitalize on the attractive expected growth of FPGAs." The revival of the Altera brand and refocus on the FPGA market comes alongside Intel's plan to invest heavily in new chip factories and advanced manufacturing capabilities. With Altera as a standalone business, Intel aims to be a significant player in the expected high growth of the global FPGA industry. Alongside new naming, Altera is introducing Agilex 9, which is now in volume production; Agilex 7 F-series and I-series released to production; Agilex 5 now broadly available, and Agilex 3 coming soon, with functions for cloud, communications and intelligent edge applications. Below, you can see the specification table of the upcoming FPGAs.