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By Noel Randewich | February 25, 2013 9:28 PM GMT
Altera announced an agreement with Intel 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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