Apollo Offers Up to $5 Billion Investment in Intel Amid Qualcomm Interest

Sep 22, 2024, 09:17 PM

Apollo Global Management has offered to make a multibillion-dollar investment in Intel, according to Bloomberg reports. The proposed investment could be as much as $5 billion and is described as an equity-like investment. This move comes amid Qualcomm's interest in acquiring Intel, highlighting confidence in Intel's turnaround strategy. Intel has recently secured a $3.5 billion chips deal from the US Army and announced a partnership with AWS to advance US-based chip manufacturing.