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-0.000192521624628306 -0.000431357413671755 0.000340545326582917 -0.000612981587849301 0.0047449315503893 0.00120326015392643 0.00120326015392643 0.00120326015392643
Stock impact report

Intel Leads Wednesday's Chip Stock Rally. It's Paying $14 Billion To Buy Back a 49% Stake in Its Ireland Chip Plant. [Yahoo! Finance]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Yahoo! Finance
The chipmaker said it is buying back a 49% stake in a joint venture controlling its Ireland chip fabrication plant that it sold to Apollo Global Management in 2024. Intel is leading semiconductor and other tech stocks higher Wednesday. The chipmaker's stock was up nearly 10% recently, making it one of the biggest gainers in the S&P 500 Wednesday, amid a broader rally in semiconductor and other tech stocks. Intel ( INTC ) said this morning that it's buying back a 49% stake in its Fab 34 facility in Ireland for $14.2 billion that it sold to Apollo Global Management ( APO ) in 2024. Intel CFO David Zinsner said the deal in 2024 "was the right structure at the right time and provided Intel with meaningful flexibility, enabling us to accelerate critical initiatives," and that Intel now has a stronger business. Why This Matters to Investors The move could help boost confidence in Intel's turnaround, and its efforts to bring more of its manufacturing footprint under its own contro Show less Read more
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