Loading…

Intel and Apollo announced a definitive agreement for Apollo-managed funds to invest $11 billion to acquire a 49% equity interest in a joint venture related to Intel's Fab 34 in Leixlip, Ireland. Intel retains 51% controlling interest and operational control.
“This transaction allows Intel to unlock and redeploy to other parts of its business a portion of this investment while continuing the build-out of Fab 34.”intc.com
Summarized from public sources; check the original articles before acting on it.