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Intel to Pay $14 Billion to Buy Back Apollo Stake in Ireland Plant
Intel Corp., the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management.
Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab ...
Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab 34 joint venture in Leixlip, Ireland, and plans to issue $6.5B in new debt to fund it — Intel Corp., the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant …
Intel buys back 49% stake in Irish Fab 34 facility for billions more ...
Chips giant Intel has agreed to buy back a 49 per cent stake in its Irish Fab 34 facility which it sold to Apollo Global Management less than two years ago. The company said the deal to buy back the stake was for $14.2 billion (€12.24 billion). Intel, which competes with the likes of AMD, had sold the stake to Apollo in June 2024 for $11 billion to bring in more external funding for a ...
Intel soars after buying back stake in Irish manufacturing facility
Intel soars after buying back stake in Irish manufacturing facility Intel INTC $44.44 (7.16%) is spending $14.2 billion to take back full ownership of a manufacturing facility in Ireland, the company announced on Wednesday. "The agreement reflects Intel's continued business momentum underpinned by the growing and essential role CPUs play in the era of AI," according to the company's ...
