Intel has struck an $11 billion deal with Apollo Global Management, selling a 49% stake in its chip-manufacturing plant, Fab 34, located in Ireland. This move aims to bring in external funding for Intel's factory network expansion.
Apollo Global Management said it's heading up an $11 billion investment to acquire a 49% interest in a joint venture with Intel Corp. related to Intel's Fab 34 chip factory in Leixip, Ireland. https://t.co/66YCePMZeb
#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
Intel gets $11B from Apollo for joint venture at Irish chip fab https://t.co/RIYm7A4A57
$INTC (+0.9% pre) Intel to Sell 49% of Irish Venture to $APO Apollo for $11 Billion - BBG https://t.co/JPTY3LcoTZ
Intel agreed to sell a stake in a plant in Ireland to Apollo for $11 billion, helping bring in more external funding for a massive expansion of its factory network. https://t.co/r05LhKDY2N via @technology
Intel sells 49pc stake in Ireland fab to Apollo for $11bn https://t.co/kdj7OWqdOp
Intel gets $11B from Apollo for stake in its Fab 34 chip manufacturing plant in Ireland https://t.co/e3mN9tB3PB
Intel, Apollo strike $11 billion deal over chip-manufacturing plant in Ireland https://t.co/9OxvxG5q0i