Intel in Advanced Talks with Apollo for $11 Billion Irish Chip Plant Funding

Exclusive negotiations could finalize within weeks, marking another major investment for Intel amid market challenges.

Intel aims to secure $11 billion from Apollo Global Management to fund a chip manufacturing facility in Ireland.
The agreement, reported by the Wall Street Journal, could be finalized in the coming weeks.
Intel is expanding its global manufacturing footprint despite recent financial losses.
Apollo emerged as the lead investor after competing with firms like KKR and Stonepeak.
Intel's ongoing investments are part of a broader strategy to separate its foundry business and enhance profitability.