Trending
Latest

Apollo to invest $11bn in joint venture to support Intel's chip manufacturing

Intel has committed significant investments to regain process leadership and expand wafer fabrication and advanced packaging capacity globally amidst an AI-race.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

June 12, 2024 | 1:52 PM BST

Apollo to invest $11bn in joint venture to support Intel's chip manufacturing

Marc Rowan Chief Executive Officer, Apollo Global Management

The Tech Capital

Intel Corporation (Nasdaq: INTC) and Apollo (NYSE: APO) have finalized a deal where Apollo-managed funds and affiliates will invest US$11 billion to acquire a 49% equity interest in a joint venture entity linked to Intel's Fab 341.

Premium Article

Subscribe free for unlimited premium access to The Tech Capital.com

The Tech Capital
Daily

Daily Brief

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers

Share this article
Keywords
More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles