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Intel to buy back Apollo stake in Ireland factory for $14.2 billion
Intel said the buyback will be funded with cash and about $6.5 billion in new debt as it seeks stronger profits and a better credit profile.
- On Wednesday, April 1, 2026, Intel announced it will repurchase the 49% equity stake in its Fab 34 joint venture in Leixlip, Ireland, from Apollo Global Management for $14.2 billion, taking full ownership of the facility.
- Intel originally sold the 49% stake to Apollo-managed funds in 2024 for $11.2 billion; Chief Financial Officer David Zinsner said the company now has a "stronger balance sheet" and "improved financial discipline."
- Financed with cash on hand and about $6.5 billion in new debt, the transaction triggered an immediate market response, with Intel shares jumping roughly 9% during Wednesday's trading session.
- The buyback supports foundry competitiveness as Intel's 18A manufacturing technology ramps up, with the company stating the repurchase is "underpinned by the growing and essential role CPUs play in the era of AI."
- Intel expects the deal to boost profit and strengthen its credit profile from 2027, continuing a broader corporate restructuring and manufacturing revival led by Chief Executive Officer Lip-Bu Tan.
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Fab 34 manufactures semiconductors for products using Intel 4 and Intel 3 process technologies
·Brazil
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·New York, United States
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Total News Sources20
Leaning Left3Leaning Right3Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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