Altera Agrees to Use Intel to Manufacture Programmable Chips

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Altera Corp., a designer of processors used in phone-network equipment, plans to use Intel Corp. as a manufacturer for future versions of its chips, in a challenge to Taiwan Semiconductor Manufacturing Co.

Intel will build so-called field programmable gate arrays, or FPGAs, for San Jose, California-based Altera when the two chipmakers move to 14-nanometer production technology, the companies said yesterday in a statement.