Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab 34 joint venture in Ireland, and plans to issue $6.5B in new debt to fund it; INTC up 10%
Intel Corp., the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant …
Bloomberg Ian King
Related Coverage
- Intel to buy back Apollo stake in Ireland factory for $14.2 billion Reuters
- Intel to Buy Apollo's Stake in Joint Ireland Chip Manufacturing Facility for $14.2 Billion Wall Street Journal · Elias Schisgall
- Intel to Repurchase 49% Equity Interest in Ireland Fab Joint Venture Intel · Joanna Rose
- Intel to buy back 49pc share of Irish Fab 34 chip factory for $14.2bn Irish Independent · Adrian Weckler
- Intel strikes $14bn deal with Apollo to reclaim Irish chip plant Financial Times
- Intel to repurchase 49% stake in Irish joint venture RTÉ · Brian O'Donovan
- Intel to Buy Back Apollo's Stake in Ireland Fab 34 for $14.2 Billion Barron's Online · Mackenzie Tatananni
- Intel (INTC) Stock Jumps 6% After $14.2B Buyback of Ireland Manufacturing Facility Stake Blockonomi · Trader Edge
- Intel soars after buying back stake in Irish manufacturing facility Sherwood News · Luke Kawa
- Intel Stock Gains After Buying Back Stake in Fab. Why the Market Is Excited. Barron's Online · Mackenzie Tatananni
- Intel repurchases 49 percent stake in Ireland's Fab 34 for $14.2bn DatacenterDynamics · Charlotte Trueman
- Intel shares jump 9% after buying back Ireland chip fab in sign of renewed strength CNBC
- Intel to Repurchase 49% Equity Interest in Ireland Fab Joint Venture Intel
- Intel (INTC) Stock Climbs on Apollo Stake Buy Back from Ireland Watcher Guru · Jaxon Gaines
- Intel buys back Irish plant stake for $14B Mobile World Live · Michael Robuck
- Today we announced that Intel is repurchasing the 49% equity interest in our Fab 34 joint venture from Apollo for $14.2 billion … David Zinsner
- Intel and Apollo Global Management, Inc. announced a definitive agreement for Intel to repurchase the 49% equity interest in the joint venture related to Intel's Fab 34 in Ireland. … Intel
- Intel Gives Bullish CPU Outlook With $14.2B Ireland Fab Deal CRN · Dylan Martin
- Intel to Buy Back Stake in Ireland Fab as AI-Era Strategy Sharpens Data Center Knowledge · Shane Snider
- Intel Spends $14 Billion To Reclaim Full Control Of Key Ireland ‘AI Chip’ Factory Benzinga · Anusuya Lahiri
- Intel Jumps 9% on Repurchase of Ireland Fab. Should You Buy INTC Stock Here? Barchart.com · Wajeeh Khan
- Intel Leads Wednesday's Chip Stock Rally. It's Paying $14 Billion To Buy Back a 49% Stake in Its Ireland Chip Plant. Yahoo Finance · Aaron McDade
- Intel: $14.2 Billion Deal To Repurchase Ireland Fab Joint Venture Stake Pulse 2.0 · Amit Chowdhry
- Newly confident Intel paying $14.2B to buy back stake in Ireland fab Portland Business Journal · Pete Danko
- Tech Up as Intel Rallies — Tech Roundup Dow Jones Newswires
- Stock Market Today, April 1: Intel Surges on $14.2 Billion Fab Buyback Motley Fool · Howard Smith
Discussion
-
@jt_martin
Ben
on x
Apollo paid $11.2 billion for 49% of Intel's Fab 34 in 2024. Eighteen months later, Intel paid $14.2 billion to buy it back. Stock's up 9%. Headlines say “renewed strength”; I think the interesting part is what happened in between. That 2024 deal was never really a sale. It was
-
@jukan05
Jukan
on x
Intel buying back the stake in its Ireland fab is genuinely surprising. It is remarkable that the company's financial position improved so much in such a short period of time. It can also be interpreted as a sign that the company is very optimistic about its CPU business going [i…
-
@adrianweckler
Adrian Weckler
on x
While Intel's Kildare campus does not currently make the company's newest 18A or Panther Lake chips, it can produce the cutting-edge data-centre Granite Rapids Xeon 6A chips, said to be the company's most valuable and in-demand product at present.
-
@dzinsner
David Zinsner
on x
Today we announced that Intel is repurchasing the 49% equity interest in our Fab 34 joint venture from Apollo for $14.2 billion — unwinding a structure that served us exactly as intended when we put it in place in 2024. The original SCIP arrangement gave us critical financial