Intel agrees to buy back Apollo's 49% stake in Ireland Fab 34 venture for $14.2B

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Intel agreed to repurchase the 49% stake that Apollo-managed funds held in the joint venture tied to its Fab 34 plant in Ireland, for $14.2 billion. Apollo had invested $11.2 billion for that stake in 2024. Intel plans to pay with cash on hand and about $6.5 billion of new debt, and expects the deal to lift ongoing EPS and strengthen its credit profile from 2027.

Buyback price: $14.2B for Apollo's 49% interest
Apollo's original investment in 2024: $11.2B
Funding: cash on hand plus about $6.5B of new debt
Intel expects higher ongoing EPS and a stronger balance sheet from 2027

INTC around the story · hourly24 h reaction ▲ 2.61%

Moves this explains

INTC+8.37%Mar 31 · Intel rose 8.37% to $48.17 on the day it agreed to buy back Apollo's 49% stake in the Ireland Fab 34 venture for $14.2B. Memory peer MU also rose 8.21% while the S&P 500 gained only 0.28%, so part of the move was sector-wide.

Source

Intel Newsroom

Apr 1, 2026

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