Intel has launched Altera as an independent company which will focus on FPGA hardware. While Altera is a separate company, Intel will hold a majority stake in the company so it'll be influential.
Altera RSS
Intel, one of the largest chipmakers around, is buying one of its rivals, Altera. The latter was focused on specialized processors that are increasingly being used alongside traditional servers.
Intel will soon start manufacturing ARM chips by lending out its foundries to some of its rivals. It's a huge strategic move that in the long run may benefit both Intel and consumers.