Intel Pays 14.2 Billion to Buy Back Full Ownership of Ireland’s FAB 34 from Apollo

[David_Schroth]

On April 1, the Intel told no jokes while announcing an agreement to repurchase the 49% stake in its Fab 34 joint venture that it sold to Apollo Global Management in 2024, at a price tag of $14.2 billion. That original $11.2 billion deal was a sign of how badly Intel needed a cash infusion […]

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