Intel Rises on Report of Nearing $11B Deal With Apollo for Irish Chip Plant
APOApollo Management(APO) Investopedia·2024-05-14 01:50

Key Takeaways Intel and Apollo Global Management are reportedly in advanced talks to have the private equity firm put up more than 11billionforanewIntelchipplantinIreland.TheWallStreetJournalsaidanagreementcouldcomeinthecomingweeks.IntelCEOPatGelsingerhascalledIreland"TheSiliconIsle."Intel(INTC)sharesroseinintradaytradingMondayonareportitisinadvancedtalkswithApolloGlobalManagementfortheprivateequityfirmtoprovidethechipmakerwithmorethan11 billion for a new Intel chip plant in Ireland. The Wall Street Journal said an agreement could come in the coming weeks. Intel CEO Pat Gelsinger has called Ireland "The Silicon Isle." Intel (INTC) shares rose in intraday trading Monday on a report it is in advanced talks with Apollo Global Management for the private equity firm to provide the chipmaker with more than 11 bil ...