Photograph: Colin Keegan/Collins DublinIntel, the chip maker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion (€12 billion) to buy back half of its plant in Leixlip that it had previously sold to Apollo Global Management. The transaction will be financed with cash on hand and the issuance of about $6.5 billion in new debt, Intel said in a statement on Wednesday. The deal raised cash that Intel said it needed for new production technology at the facility and others in the US. After years of sliding sales and market-share losses, Intel’s business had reached the point where there was speculation about whether it could continue on as an independent company. It currently uses manufacturing techniques called Intel 4 and Intel 3.

Source: The Irish Times April 01, 2026 19:38 UTC