Intel to buy back 49% stake in Ireland fab joint venture for $14.2B

Intel Corporation is moving to regain full ownership of a key European manufacturing asset, announcing plans to repurchase the 49% equity stake in its Fab 34 joint venture in Ireland from Apollo Global Management for $14.2 billion. The deal signals renewed confidence in Intel’s financial position and the growing importance of CPUs in the AI […] The post Intel to reacquire 49% share of Ireland fab joint venture appeared first on eeNews Europe.