Intel announces a joint venture with Apollo Global, with Apollo acquiring a 49% equity interest in the JV for $11 billion. Intel's shares rise 1% after the announcement. Scott Kleinman of Apollo expects more similar deals. The deal underpins 6,500 jobs in Ireland and aims to expand chip manufacturing facilities.
What does Intel's sale of a stake in its new plant mean for employees at Leixlip?, via @IrishTimesBiz https://t.co/CdCLjJctnv
.@Intel gets $11B from Apollo for stake in its Fab 34 chipmaking plant in Ireland https://t.co/kz4irudrq3 @SiliconANGLE @Mike_Wheatley “It’s reminiscent of Ford’s decision to mortgage its factories during the 2008 financial crisis, but the difference is that...” - @holgermu https://t.co/EzgUpdqbry
#MustRead: Located at the company’s site in Leixlip, Co Kildare, Fab 34 was a project that started in 2019 and has received $18.4bn investment from Intel to date. https://t.co/CDQtTxx68o
MyPOV: @Intel gets $11B from @ApolloCAPITALin for stake in its Fab 34 chipmaking plant in Ireland https://t.co/dNR3ryxuyS @SiliconANGLE @Mike_Wheatley “It’s reminiscent of Ford’s decision to mortgage its factories during the 2008 financial crisis, but the difference is that...”…
The $11bn deal is part of @Intel's effort to significantly expand its chip manufacturing facilities while maintaining a 51pc controlling interest in the joint venture. https://t.co/ZUNMwVPgfn
Intel’s $11bn Irish factory deal underpins 6,500 jobs as it seeks to rekindle mojo https://t.co/hdYjZbZ7Ny
Intel’s private capital tie-up with Apollo raises questions for investors https://t.co/rRoCksnnqu | opinion
Intel’s private capital tie-up with Apollo raises questions for investors https://t.co/t1ECivf5H3
NXP, Vanguard To Build $7.8Bln Chip Plant As Tech Firms Hedge Against China - BBG https://t.co/Pt57bRCNVb
Scott Kleinman says he expects Apollo Global to participate in more deals similar to the $11 billion joint venture it inked with Intel this week https://t.co/UjZv93y8YG via @markets #PrivateEquity
Scott Kleinman says he expects Apollo Global to participate in more deals similar to the $11 billion joint venture it inked with Intel this week https://t.co/SYYiJKiIIk
INTEL CORP SHARES UP 1% AFTER THE BELL FOLLOWING ANNOUNCEMENT OF JV WITH APOLLO RELATED TO FAB IN IRELAND
INTEL SAYS APOLLO TO ACQUIRE 49% EQUITY INTEREST IN JV FOR $11B $INTC $APO