--- title: "Intel to buy back Apollo stake in Ireland factory for $14.2 billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/281372689.md" datetime: "2026-04-01T13:01:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281372689.md) - [en](https://longbridge.com/en/news/281372689.md) - [zh-HK](https://longbridge.com/zh-HK/news/281372689.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281372689.md) | [繁體中文](https://longbridge.com/zh-HK/news/281372689.md) # Intel to buy back Apollo stake in Ireland factory for $14.2 billion April 1 (Reuters) - Intel (INTC.O) said it would spend $14.2 billion to buy back the 49% stake it sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant as its finances improve and AI drives demand for its processors. Apollo had in 2024 spent $11.2 billion to acquire the stake in a joint venture related to the plant in Leixlip, Ireland, giving the then-struggling chipmaker a cash infusion to fund its manufacturing expansion in Europe and the United States. Intel has since changed CEOs, with current top boss Lip-Bu Tan pursuing an aggressive restructuring to repair the company’s finances, including job cuts and asset sales. The company has also received billions of dollars in investments from Nvidia and the U.S. government, which is now its biggest shareholder. After sitting out the artificial intelligence boom for nearly three years, demand is also rising for its central processors used in data centers due to the rise inference, the process by which AI tools respond to user queries. “Today, we have a stronger balance sheet, improved financial discipline and an evolved business strategy,” Intel Chief Financial Officer David Zinsner said on Wednesday. Intel said the stake buyback would be funded with cash on hand and about $6.5 billion of new debt. It expects the deal to boost profit and strengthen its credit profile from 2027. The Ireland plant, known as Fab 34, produces chips based on its Intel 4 and Intel 3 technologies, including Core Ultra and Xeon 6 processors. ### Related Stocks - [ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF (588170.CN)](https://longbridge.com/en/quote/588170.CN.md) - [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md) - [Guotai CES Semiconductor Chip Industry ETF (512760.CN)](https://longbridge.com/en/quote/512760.CN.md) - [APOLLO GLOBAL MANAGEMENT INC 6.75% CONV PFD STK SER A (APO-A.US)](https://longbridge.com/en/quote/APO-A.US.md) - [iShares Semiconductor ETF (SOXX.US)](https://longbridge.com/en/quote/SOXX.US.md) - [GTJA Allianz SSE STAR Chip Design Thematic ETF (588780.CN)](https://longbridge.com/en/quote/588780.CN.md) - [Guotai CSI Semiconductor Material Equipment Theme ETF (159516.CN)](https://longbridge.com/en/quote/159516.CN.md) - [INTEL-T (04335.HK)](https://longbridge.com/en/quote/04335.HK.md) - [Intel Corporation (INTC.US)](https://longbridge.com/en/quote/INTC.US.md) - [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md) - [State Street® SPDR® S&P® Smcndctr ETF (XSD.US)](https://longbridge.com/en/quote/XSD.US.md) - [GraniteShares 2x Long INTC Daily ETF (INTW.US)](https://longbridge.com/en/quote/INTW.US.md) - [Apollo Global Management, Inc. (APO.US)](https://longbridge.com/en/quote/APO.US.md) - [GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF (512480.CN)](https://longbridge.com/en/quote/512480.CN.md) ## Related News & Research - [Intel To Repurchase 49% Equity Interest In Ireland Fab Joint Venture](https://longbridge.com/en/news/281374193.md) - [BREAKINGVIEWS-Apollo reaps rich rent on its Intel lifeline](https://longbridge.com/en/news/281406220.md) - [This Underrated Artificial Intelligence (AI) Infrastructure Stock Has Surged 80% in a Year. It Can Still Surge 53%.](https://longbridge.com/en/news/281402576.md) - [Why This Red-Hot Chip Stock is Rising Today](https://longbridge.com/en/news/281388181.md) - [08:01 ETInnofiber, Acrolite, and PAVE Technology Co. Combine to Form Connexis Group, a Leading Provider of High-Performance Interconnect Solutions](https://longbridge.com/en/news/281362986.md)