Intel (chip company)

Intel

Intel

to spend (a large sum)

chìzī

斥资

$14.2 billion

yìbǎi sìshí èr yì měiyuán

142亿美元

to buy back / to repurchase

huígòu

回购

Ireland

Ài-ěrlán

爱尔兰

chip / semiconductor

xīnpiàn

芯片

factory / plant

gōngchǎng

工厂

equity stake / shares

gǔfèn

股份

。

New Words

News in English

Intel Spends $14.2 Billion to Buy Back Ireland Chip Factory Stake

Intel announced it will buy back the 49% stake in its Ireland Fab 34 factory held by Apollo for $14.2 billion, and shares rose 9% on the news.

On April 1, Intel announced it will buy back $14.2 billion in equity stake from the Fab 34 factory in Ireland. This equity was previously held by the investment company Apollo. In 2024, Apollo acquired 49 percent of the factory for $11.2 billion. This means Apollo made approximately $3 billion in returns on this transaction. Fab 34 is Intel's high-end chip manufacturing base that produces processors such as Intel Core Ultra and Intel Xeon 6. After the announcement, Intel's share price rose 9 percent that day. Analysts believe this transaction demonstrates that Intel's financial situation is improving. The transaction is expected to close in the third quarter of this year.

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