Intel and Apollo Agree to Joint Venture Related to Intel’s Fab 34 …
Jun 4, 2024 · SANTA CLARA, Calif., and NEW YORK, June 4, 2024 – Intel Corporation (Nasdaq: INTC) and Apollo (NYSE: APO) today announced a definitive agreement under which Apollo-managed funds and affiliates will lead an investment of $11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel’s Fab 34.
Intel and Apollo Agree to Joint Venture Related to Intel’s Fab 34 …
Jun 4, 2024 · Under the agreement, the joint venture will have rights to manufacture wafers at Fab 34 to support long-term demand for Intel’s products and provide capacity for Intel Foundry customers. Intel will have a 51% controlling interest in the joint venture. Intel will retain full ownership and operational control of Fab 34 and its assets.
Apollo eyes $5 billion investment in Intel, Bloomberg News reports
Sep 23, 2024 · Sept 22 (Reuters) - U.S.-based asset management company Apollo Global Management (APO.N) has offered to make an investment of as much as $5 billion in Intel (INTC.O), Bloomberg News...
Intel stock jumps after report of possible Apollo investment
Sep 23, 2024 · Intel stock popped in early trading Monday following a Bloomberg report of a potential multibillion-dollar investment from Apollo Global Management.
Apollo reportedly has a multibillion-dollar investment offer for Intel ...
Sep 22, 2024 · Apollo reportedly has a multibillion-dollar investment offer for Intel. After multiple reports surfaced Friday saying Qualcomm talked to Intel about a possible acquisition, now Bloomberg reports...
Intel Gets Multibillion-Dollar Apollo Offer as Qualcomm Circles
Sep 22, 2024 · Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., people familiar with the matter said, providing the chipmaker with a vote of confidence in its...
Press Releases - Apollo Global Management, Inc.
Under the agreement, the joint venture will have rights to manufacture wafers at Fab 34 to support long-term demand for Intel’s products and provide capacity for Intel Foundry customers. Intel will have a 51% controlling interest in the joint venture. Intel will retain full ownership and operational control of Fab 34 and its assets.
Apollo to pay $11 bln for 49% of Intel Ireland factory joint venture
Jun 5, 2024 · Buyout firm Apollo Global Management will acquire a 49% equity interest in a joint venture related to Intel's new manufacturing facility in Ireland for $11 billion, the companies said on...
Intel gets Apollo offer to invest up to $5 billion | Fortune
Sep 22, 2024 · Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in...
Apollo's $5 Billion Gambit Opens Way to Deeper Intel Tie
Sep 23, 2024 · Apollo Global Management Inc. signaled this year after backing an Intel Corp. joint venture that more private-capital deals were in the offing, and its potential interest in making a $5...