Intel to buy back Apollo stake in Ireland factory for $14.2B
CNBC · New
CNBC
New
Intel has announced it will buy back Apollo's 49% stake in their joint venture for the Ireland fab for $14.2 billion, exceeding Apollo's original investment.
Breakdown
- Intel to buy back Apollo's 49% stake in Ireland fab for $14.2B 12s
- Buyback reverses 2024 financing, reflects stronger business momentum 19s
- Intel seeks more control over fab 34, central to European chip production 27s
- Deal expected to boost earnings per share and credit profile 1m 0s
- Purchase funded by cash and $6.5B in new debt 1m 14s