Altera Appoints Sandeep Nayyar as Chief Financial Officer

SAN JOSE, Calif.-- September 22, 2025 -- Altera Corporation, the world’s largest independent provider of pure-play FPGA solutions, today announced the appointment of Sandeep Nayyar as Chief Financial Officer.

Nayyar brings more than three decades of financial leadership experience and a strong track record of driving growth, profitability, and strategic transformation across the semiconductor, storage and life sciences industries. He joins Altera from Power Integrations where he has served as CFO since 2010. In that role, Nayyar led the company through a sustained period of growth and operational excellence while overseeing finance, human resources, and corporate development.

Previously, Nayyar held senior finance roles at Applied Biosystems and Quantum Corporation, where he played a key role in the expansion of each company’s addressable market and led successful sale transactions to Life Technologies (now part of Thermo Fisher Scientific) and Maxtor (later acquired by Seagate), respectively.

“Sandeep is a highly accomplished and strategic financial leader who brings deep domain expertise across technology sectors,” said Raghib Hussain, Chief Executive Officer of Altera. “His proven ability to scale global organizations, allocate capital effectively, and drive value-creating outcomes will be instrumental as we execute our growth strategy and extend our leadership across cloud, edge, and embedded markets.”

“I’m honored to join Altera at such a transformative time,” said Nayyar. “As the largest independent pure-play FPGA provider, Altera is uniquely positioned to deliver leadership solutions and drive innovation across a broad range of industries. I look forward to working with Raghib and the leadership team to build on that momentum and create long-term value for our customers and stakeholders.”

Nayyar holds a Bachelor of Commerce from the University of Delhi. He is a Certified Public Accountant in the State of California and a Chartered Accountant from India. He also attended the Directors College at Stanford University and is a member of Financial Executives International, which recognized him as CFO of the Year for small public companies in 2017.

About Altera

Altera is a leading supplier of programmable hardware, software, and development tools that empower designers of electronic systems to innovate, differentiate, and succeed in their markets. With a broad portfolio of industry-leading FPGAs, SoCs, and design solutions, Altera enables customers to achieve faster time-to-market and unmatched performance in applications spanning industrial automation, audio/video, robotics, aerospace, defense, data centers, telecommunications, edge AI and more. For more information, visit www.altera.com.