Intel Nears $11 Billion Deal with Apollo for Ireland Chip Plant

May 13, 2024, 11:03 AM

Intel is reportedly close to finalizing a deal with Apollo Global Management for a partnership valued at approximately $11 billion to establish a chip manufacturing facility in Ireland. According to the Wall Street Journal, Apollo will contribute over $11 billion for the project, and the discussions have reached an advanced stage. The deal would mark a significant investment in Ireland's technology infrastructure.