Intel sells 49% of Irish factory, Fab 34, to Apollo Global Management for $11B as part of its Smart Capital strategy.
Intel Corp. has agreed to sell a 49% stake in its Irish factory, Fab 34, to Apollo Global Management for $11 billion. This joint venture will help Intel secure additional external funding for its global factory expansion. The deal is part of Intel's Smart Capital strategy to create financial flexibility and bolster its investment in global manufacturing operations.
June 04, 2024
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