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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[Grimlakin]

So in 2 years Apollo group made essentially 3 billion dollars. If you subtract inflation... they made about 2.5 billion.

 

[Brian_B]

That is kinda what investment groups do - invest in things to make a return.

Looks like they probably hit their return target.

 

[DAPUNISHER]

Middle East is too spicy to keep facilities there as I see it. One missile strike on the facility there would be devastating. They will probably fully abandon the expansion project they halted in 2024. Maybe even move operations currently there to more geographically stable regions. Ireland is a much better place to invest IMO. Buying back from private equity is a positive. All in my armchair CEO opinion of course.