Apollo Global Management To Acquire 49% Stake In Intel's Ireland Chip Plant Venture For $11 Bln
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Private-equity firm Apollo Global Management has agreed to acquire a 49% stake in a joint venture related to Intel's chip manufacturing plant in Ireland for $11 billion. The joint venture, called Fab 34, is Intel's leading-edge high-volume manufacturing facility. Intel will retain a 51% controlling interest in the joint venture. The transaction is expected to close in the second quarter of 2024.
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