REFILE-Altera says Intel to manufacture future chips

Mon Feb 25, 2013 4:25pm EST

By Noel Randewich

SAN FRANCISCO Feb 25 (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.