Intel announced it will invest US$14.2 billion to repurchase the 49% stake it sold to Apollo Global Management in its manufacturing plant in Ireland, for which Apollo paid US$11.2 billion in 2024.
Intel said the share buyback would be financed with available cash and approximately US$6.5 billion in new debt. The company expects the deal to boost its earnings and strengthen its credit profile starting in 2027.
The Ireland plant, known as Fab 34, manufactures chips using Intel 4 and Intel 3 process technologies, including Core Ultra processors for PCs and Xeon processors for servers.