Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab 34 JV in Ireland, and plans to issue $6.5B in new debt to fund it; INTC closed up 8.84%
Bloomberg Ian King
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- 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
- 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 buys back 49% stake in Ireland Fab Joint Venture — takes full control over Fab 34 Tom's Hardware · Anton Shilov
Discussion
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@intelnews
@intelnews
on x
.@intel and @apolloglobal announced a definitive agreement for Intel to repurchase the 49% equity interest in the joint venture related to Intel's Fab 34 in Ireland. The agreement reflects Intel's continued business momentum underpinned by the growing and essential role CPUs play…
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@adrianweckler
Adrian Weckler
on x
Intel to buy back the 49pc of the Fab 34 plant it sold to US private equity firm Apollo in 2024. It will pay $14.2bn, a $3bn premium on the $11.2bn it sold it for in 2024. Will be seen as a vote of confidence in Leixlip operation and its 4,900 workers. https://www.independent.ie/…
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@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 fl…
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@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%...That 2024 deal was never really a sale. It was structured financing in a joint venture wrapper. Intel needed cash to fund 18A developme…
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@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 …
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@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.
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r/intelstock
r
on reddit
Intel to Repurchase 49% Equity Interest in Ireland Fab Joint Venture