Global Finance News
03 Apr 2026, 14:43
Intel announced it will repurchase a 49% stake in its Ireland-based Fab 34 joint venture from Apollo for $14.2 billion.
The move reverses a 2024 transaction in which Apollo invested $11.2 billion for the stake, providing Intel with financial flexibility at the time. The buyback reflects Intel’s improved balance sheet and evolving strategy as demand for AI-driven computing continues to grow.
The transaction will be funded through a combination of cash and approximately $6.5 billion in new debt issuance. Intel expects the deal to be accretive to earnings per share and to strengthen its credit profile over the long term.
Fab 34 in Ireland remains a key part of Intel’s global manufacturing network, supporting advanced chip production for AI and next-generation processors.
Business Wire
The move reverses a 2024 transaction in which Apollo invested $11.2 billion for the stake, providing Intel with financial flexibility at the time. The buyback reflects Intel’s improved balance sheet and evolving strategy as demand for AI-driven computing continues to grow.
The transaction will be funded through a combination of cash and approximately $6.5 billion in new debt issuance. Intel expects the deal to be accretive to earnings per share and to strengthen its credit profile over the long term.
Fab 34 in Ireland remains a key part of Intel’s global manufacturing network, supporting advanced chip production for AI and next-generation processors.
Business Wire