Intel and Apollo agree to JV related to Intel’s Fab 34 in Ireland
The transaction related to the Irish factory continues Intel’s Smart Capital strategy to support flexible and capital-efficient growth
Intel and Apollo have announced a definitive agreement under which Apollo-managed funds and affiliates will lead an investment of $11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel’s Fab 34, as reported in a press release on June 4.
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