# Intel and Apollo form joint venture for Fab 34 in Ireland with $11B investment

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.

- Type: Investment
- Announced: 2024-06-04
- Where: Leixlip, Ireland, Ireland
- Value: $11.0B
- Status: announced
- Products: semiconductor wafers using Intel 4 and Intel 3 process technologies
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Intel](https://endata.com/companies/21062.md)
- [Apollo Global Management](https://endata.com/companies/3851.md) (investor)

## Sources

- [intc.com](https://www.intc.com/news-events/press-releases/detail/1698/intel-and-apollo-agree-to-joint-venture-related-to), 2024-06-04: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.