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Altera says Intel to manufacture future chips

US-ALTERA-INTEL-MANUFACTURING:Altera says Intel to manufacture future chips

By Noel Randewich

SAN FRANCISCO (Reuters) - Altera announced an agreement with Intel Corp to manufacture Altera's programmable chips on Intel's cutting-edge 14 nanometer technology.

Altera and rival Xilinx together dominate the market for programmable microchips and access to Intel's industry-leading fabs could give it a major advantage.

"Altera gains a tremendous competitive advantage at the high end in that we are the only major (programmable chip) company with access to this technology," Altera said in a press release on Monday.

Shares of Altera were unchanged in extended trading after closing down 0.96 percent at $35.01.

(Reporting By Noel Randewich; Editing by Gary Hill)

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Related Keywords:US , ALTERA , INTEL , MANUFACTURING

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