Intel Reclaims Fab 34 From Apollo in $14.2 Billion Deal as AI Turnaround Faces Next Test
Intel has completed a $14.2 billion buyback of Apollo’s 49% stake in the Fab 34 plant in Ireland, restoring full ownership of the factory. The deal was funded with cash and a $6.5 billion bridge loan, which Intel aims to refinance. Fab 34 produces Core Ultra and Xeon 6 chips. Intel reports first-quarter earnings on April 23.