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What will be the outcome of Apollo's investment offer in Intel by December 31, 2024?
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Official announcements from Apollo Global Management or Intel
Story
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.
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