ALTR meaning in Business ?

Answer:

What is Altera Corporation mean?

Altera Corporation was a manufacturer of programmable logic devices (PLDs) headquartered in San Jose, California. It was founded in 1983 and acquired by Intel in 2015.

The main product lines from Altera were the Stratix, mid-range Arria, and lower-cost Cyclone series system on a chip FPGAs, the MAX series complex programmable logic device and non-volatile FPGAs, Intel Quartus Prime design software, and Enpirion PowerSoC DC-DC power solutions.

The company was founded in 1983 by semiconductor veterans Rodney Smith, Robert Hartmann, James Sansbury, and Paul Newhagen with $500,000 in seed money. The name of the company was a play on "alterable", the type of chips the company created. In 1984, the company formed a long-running design partnership with Intel, and 1988, became a public company via an initial public offering. In 1994, Altera acquired the PLD business of Intel for $50 million.

On December 28, 2015, the company was acquired by Intel.

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