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Stock impact report

Intel Reclaims Fab 34 As AI Manufacturing Stakes Rise For Investors [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
Intel has agreed to repurchase Apollo Global Management's 49% stake in the Ireland Fab 34 joint venture. The transaction is valued at about $14.2b and returns full ownership of Fab 34 to Intel. The deal centers on a major manufacturing site that is intended to support next generation AI chips. Intel (NasdaqGS: INTC) is taking back full control of Fab 34 at a time when its shares trade around $48.03 and have returned 22.0% year to date. Over the past year, the stock has delivered a very large gain of 118.5%, although the 5 year return of a 20.3% decline shows that longer term shareholders have had a different experience. For investors, this transaction puts a key production asset fully back on Intel's balance sheet and makes it central to its manufacturing plan for AI focused chips. The scale of the $14.2b outlay means the deal could matter for earnings, credit metrics, and how Intel positions itself against other large chipmakers in advanced manufacturing. Stay updated on t Show less Read more
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