Intel, the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2bn (€12.4bn) to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management. The transaction will be financed with cash on hand and the issuance of about $6.5bn (€5.7bn) in new debt, Intel said in a statement on Wednesday. Apollo had paid $11.2bn (€9.7bn) for 49% of what became a joint venture — a business that took ownership of a factory called Fab 34 in 2024. The deal raised cash that Intel said it needed for new production technology at the facility and others in the US. It currently uses manufacturing techniques called Intel 4 and Intel 3.

Source: Irish Examiner April 01, 2026 13:53 UTC