Global Industry Leader Jeff Waters Joins Altera as Senior Vice President and General Manager

San Jose, Calif., January 18, 2012—Altera Corporation (NASDAQ: ALTR) today announced that Jeff Waters, a 20-year business leader in product development, marketing, and global division management, has joined the company as senior vice president and general manager, military, industrial and computing division. Waters and his team are responsible for systems solution development and marketing for these segments. He reports to John Daane, Altera's president, CEO and chairman of the board.

"Jeff's proven track record in managing product line and marketing organizations, engaging customers, and developing global teams makes him an ideal fit for Altera," said Daane. "We are very pleased to have Jeff on our management team as our business evolves to include more complex intellectual property blocks and systems solutions to meet customer requirements."

Waters was most recently with Texas Instruments/National Semiconductor as vice president, precision signal path division, after returning to the U.S. from a three-year position as regional vice president of National's Japan division where he led sales, marketing and operations. Additionally, he has held positions in research and development and in management consulting, as well as managing analog and system-on-chip (SOC) product groups. He holds a Bachelor of Science in electrical engineering from the University of Notre Dame, a Masters in electrical engineering from Santa Clara University and an MBA from Northwestern University (Kellogg Graduate School of Management).

"I'm delighted to have joined the Altera team, as the company's culture, technical excellence and focus on customer innovation provide a stellar foundation for growth," said Waters. "I look forward to leading our team into this next exciting chapter in the company's development."

About Altera

Altera® programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com.