Intel Partners with Apollo for $11 Billion Joint Investment in Ireland Semiconductor Plant... $11 Billion Raised

U.S. semiconductor company Intel has formalized a joint investment in an Irish semiconductor factory with investment management firm Apollo Global Management.

[Image source=Reuters Yonhap News]

According to the daily Wall Street Journal (WSJ) on the 4th (local time), Apollo will invest $11 billion to acquire a 49% stake in Intel's Fab34 located in Ireland.

Intel explained, "Through this deal, we can continue the construction of Fab34 while also utilizing and reallocating part of the investment to other parts of the business." Fab34 will produce Intel's latest PC and data center semiconductors. So far, Intel's investment in Fab34 amounts to approximately $18.4 billion.

Earlier, major foreign media including WSJ reported last month that Intel was in exclusive negotiations to receive funding from Apollo for the construction of the Irish factory. Based in New York, Apollo is a global alternative investment management firm with $671 billion in assets under management.

Recently, Intel has been expanding or establishing factories in the U.S., Europe, Southeast Asia, and other regions to meet the surging semiconductor demand. Given the enormous costs involved in new factory projects, it is analyzed that Intel was in urgent need of additional funds. Typically, building a state-of-the-art semiconductor factory requires more than $20 billion.

This content was produced with the assistance of AI translation services.