Intel (chip company)IntelIntelto spend (a large sum)chìzī斥资$14.2 billionyìbǎi sìshí èr yì měiyuán142亿美元to buy back / to repurchasehuígòu回购IrelandÀi-ěrlán爱尔兰chip / semiconductorxīnpiàn芯片factory / plantgōngchǎng工厂equity stake / sharesgǔfèn股份。
April 9, 2026 at 1:30 PM
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BusinessIntel 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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