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Apollo Set to Inject $11 Billion into Intel’s Foundry Business

by Team Lumida
May 17, 2024
in AI, Latest, News, Themes
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Apollo Set to Inject $11 Billion into Intel’s Foundry Business
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Key Takeaways:

  1. – Intel and Apollo close to a $11 billion Ireland plant deal
  2. – Deal aims to diversify Intel’s manufacturing outside Asia
  3. – Partnership aligns with global efforts to challenge China’s chip dominance

What Happened?

Intel is in advanced talks with Apollo Global Management to secure over $11 billion in funding for a new chip manufacturing plant in Ireland. This deal is part of Intel CEO Pat Gelsinger’s strategy to diversify manufacturing operations beyond Asia.

The U.S. and European Union have been pushing for such investments to reduce dependency on Asian supplies and counter China’s dominance in chip production. Other firms, including KKR & Co. and Stonepeak, had previously shown interest, but Intel and Apollo have entered exclusive negotiations.

Why It Matters?

You might wonder why this deal is significant. Intel’s move to diversify its manufacturing locations could reduce risks associated with geopolitical tensions and supply chain disruptions in Asia.

The potential partnership with Apollo signifies a robust investment in semiconductor manufacturing, aligning with global efforts to bolster local production capabilities. Intel’s initiative also reflects broader trends where governments and private investors collaborate to secure technological and economic advantages in the semiconductor industry.

What’s Next?

If Intel and Apollo finalize this deal, expect a substantial boost in Ireland’s semiconductor production capacity. This could lead to increased job creation and technological advancements in the region. For Intel, this partnership could help restore its leadership in the chip industry and strengthen its foundry business.

Investors should watch for further announcements as the agreement progresses, as well as any updates on Intel’s other global investments, such as the $25 billion in Israel and the €30 billion in Germany. These developments will likely impact Intel’s stock performance and the broader semiconductor market.

Via: Bloomberg
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
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Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

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