Intel to Buy Back Apollo’s Ireland Fab Stake for $14.2 Billion Amid Rising AI Demand
Santa Clara, April 2, 2026, 04:57 PDT. Intel Corp. announced Wednesday a $14.2 billion deal to repurchase Apollo Global Management’s 49% interest in Fab 34, its Leixlip, Ireland chip plant. Intel regains complete control over the key factory—a stake it had sold off earlier in 2024 to shore up funds. Shares jumped more than 10% on the day.