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Apollo To Provide $11 Billion To Intel For Ireland Facility
Apollo Global announced today that it will acquire a 49% equity interest in Intel's manufacturing facility in Ireland for $11 billion, in a deal expected to close in the second quarter. The deal "would allow Intel to redeploy parts of its investment in the project to other parts of its business," re...
Apollo Global announced today that it will acquire a 49% equity interest in Intel's manufacturing facility in Ireland for $11 billion, in a deal expected to close in the second quarter. From the report: Apollo will acquire the stake in the Fab 34 facility in Leixlip, Ireland, the U.S. chipmaker's first high-volume location for its Intel 4 manufacturing process using extreme ultraviolet lithography machines. The company announced plans in 2022 to build chip factories in Ireland and France as it seeks to benefit from easier European Commission funding rules and subsidies as the bloc looks to cut its dependence on U.S. and Asian supply.
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