Bangalore, India, August 16, 2006—Altera Corporation (NASDAQ:ALTR), in conjunction with BITS Pilani University, invites students to submit proposals to "Innovate", a multidisciplinary engineering design contest for undergraduate and graduate students in India. The contest is designed to increase knowledge of programmable logic while enhancing engineering design skills.

Participants can submit original project ideas and enter as teams with a maximum of up to five people. Each design proposal must include an Altera® FPGA and will be judged for its market value, design complexity and quality of execution. The top 100 semifinalists receive educational material, design software and FPGA boards, which the teams will use to convert their product ideas into prototypes. The top 15 finalists will present their business plans and working product prototypes at the Innovate finals during the annual APOGEE 2007 techfest at BITS Pilani in March 2007.

For more information, and to register for the Innovate design contest, visit www.innovateindia.net.

About Altera's University Program

Altera's University Program is in its tenth year of providing support for the advancement of computer science and electrical engineering education. The program equips professors and students in undergraduate and graduate courses with the programmable logic-based curriculum and tools necessary for the training and development of advanced system design. To date, Altera has trained more than 30,000 engineers around the world and the program is rapidly expanding. For more information, visit www.altera.com/education/univ/unv-index.html.

About Altera

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