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Apollo Global agrees to buy 49% equity interest in a joint venture related to Intel's Fab 34, under construction in Leixlip, Ireland, for $11B

Sourasis Bose / Reuters :

Reuters Sourasis Bose

Discussion

  • @kristinaparts Kristina Partsinevelos on x
    Intel says it will sell 49% of its Ireland Fab to Apollo for $11B. It signed a similar $15B deal w/ Brookfield for a stake in its Arizona fab. Separately, S&P posts a A- credit rating for $INTC but maintains a negative outlook citing low free operating cash flow due to fab costs.…
  • @dalygavin Gavin Daly on x
    This Intel/Apollo deal values the chipmaker's Fab 34 plant in Co Kildare at over $22 billion 😮. Intel says it has invested $18.4 billion in the factory so far.