Intel in Exclusive Talks for $11 Billion Apollo Deal for Ireland Chip Plant

May 13, 2024, 11:12 AM

Intel is reportedly nearing a significant deal with Apollo Global Management involving an $11 billion investment for a new chip manufacturing plant in Ireland. According to the Wall Street Journal, the discussions, which are exclusive, are in advanced stages, with Apollo potentially providing the substantial funding needed for the project. This partnership aims to bolster Intel's production capabilities in Europe. Intel's stock was up 1.1% in pre-market trading following the news.