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Intel Makes Major Move to Revitalize Chip Manufacturing, Buys Back Stake in Irish Plant for $14.2 Billion
6 hour ago /
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Author：小编
On April 1, Intel reached an agreement with Apollo Global Management to buy back a 49% stake in the joint venture of its Fab 34 wafer fabrication plant in Ireland for $14.2 billion, with funds coming from existing cash and new debt. This move aims to revitalize Intel's manufacturing capabilities and reflects increased confidence in its business. Following the announcement, Intel's stock price rose by 1.8% in pre-market trading.
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