Intel Sells 49% Stake in Irish Fab 34 to Apollo for $11 Billion

The deal aligns with Intel's 'Smart Capital' strategy to bolster its semiconductor supply chain while maintaining financial flexibility.

Intel retains a 51% controlling stake in the Fab 34 facility in Leixlip, Ireland.
Apollo Global Management acquires a 49% equity interest for $11 billion.
The investment helps Intel focus on other business areas while completing Fab 34.
Intel's strategy aims to revitalize its supply chain without overburdening its balance sheet.
The transaction is expected to close by the end of the second quarter of 2024.