Trending Now - Intel to Spend $14.2B to Buy Back Apollo's Share in Irish Fab

WHO:

Techmeme - Intel Corp. is the chipmaker involved in the transaction.

Bloomberg Markets - Apollo Global Management is the entity from which Intel is repurchasing the stake.

WHAT:

Intel Corporation - The repurchase of the 49% joint venture stake is expected to be accretive to ongoing earnings per share (EPS) while strengthening Intel’s credit profile in 2027 and beyond.

Intel Corporation - Intel continues to expect it will retire debt maturities as they come due in 2026 and 2027.

Techmeme - Intel agreed to pay $14.2 billion to repurchase a 49% stake in the Fab 34 joint venture.

Bloomberg Markets - The repurchase involves half of a plant that Intel had previously sold to Apollo Global Management.

WHERE:

Techmeme - The Fab 34 joint venture is located in Leixlip, Ireland.

WHEN:

Techmeme - The agreement for the repurchase was reported in 2026.

WHY:

Intel Corporation - The agreement reflects Intel’s continued business momentum underpinned by the growing and essential role CPUs play in the era of AI.

Techmeme - Intel aims to restore its manufacturing prowess through this repurchase.

HOW:

Intel Corporation - The transaction is expected to be funded through cash on hand and proceeds from the issuance of new debt of approximately $6.5 billion.

Techmeme - Intel plans to issue $6.5 billion in new debt to fund the repurchase.

(UPDATED April 1, 2026 23:10 UTC)

Intel Corporation announced that it will repurchase its 49% joint venture stake, a move expected to enhance ongoing earnings per share and strengthen its credit profile through 2027 and beyond. The company also plans to retire debt maturities as they come due in 2026 and 2027, reflecting its strong business momentum driven by the increasing importance of CPUs in the AI era. This transaction will be funded using cash on hand and proceeds from the issuance of approximately $6.5 billion in new debt.

--

(UPDATED April 1, 2026 15:23 UTC)

Intel has agreed to pay $14.2 billion to repurchase a 49% stake in the Fab 34 joint venture located in Leixlip, Ireland, from Apollo Global Management. The agreement, reported in 2026, marks a significant move for Intel as it aims to restore its manufacturing prowess after previously selling half of the plant to Apollo. To finance this repurchase, Intel plans to issue $6.5 billion in new debt.