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Solid well-run semiconductor company, cutting edge chips. Excellent pay-scale & benefits. A very competent traditional patriarchal corporate structure, if you like that sort of thing.
Since Altera comes from a chip-manufacturing background, planning ahead an minimizing risks are deep in the corporate DNA. If you're a software engineer, this can be... burdensome.
Advice to Management
The chips are great, keep that up. The competitive advantage will increasingly be in your software tools. If you want to create great tools, you need great software engineers who love to make tools, and you need to let them do so.