AI chip boom adds another IPO newcomer! Intel (INTC.US)- and Silver Lake-backed Altera officially sprints toward a U.S. stock listing.

Zhitong Finance APP has learned that chipmaker Altera, backed by private equity giant Silver Lake and Intel (INTC.US), announced on Tuesday that it has confidentially submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), formally initiating the process of returning to the public market. As the AI investment boom continues to drive up valuations and financing needs for chip and related infrastructure companies, Altera has become the latest semiconductor company seeking to ride the AI wave into the capital markets.