Apollo to acquire 49% equity interest in Intel's Fab 34 in Ireland in a strategic joint venture

Intel Corporation and Apollo have reached a definitive agreement for Apollo-managed funds and affiliates to lead an $11 billion investment to acquire a 49% equity interest in a joint venture entity related to Intel’s Fab 34 in Leixlip, Ireland. This joint venture transaction supports Intel’s strategy of enhancing its semiconductor supply chain and creating financial flexibility to accelerate global manufacturing operations.