Intel Corporation has announced a joint venture (JV) with Apollo Global Management, where Apollo will acquire a 49% equity interest in Intel's Fab 34 chipmaking plant in Ireland for $11 billion. This deal is part of Intel's strategy to expand its chip manufacturing facilities in Ireland while retaining a 51% controlling interest in the joint venture. Following the announcement, Intel shares rose by 1% after the bell.
.@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
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 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