Intel needs $2 Billion for New Ireland fab — courting three venture capital firms for continued expansion [Yahoo! Finance]
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Source: Yahoo! Finance
If the parties agree, the asset management firms will establish a joint venture, invest money in Intel's fab near Leixlip, Ireland, and own a stake in that facility. In February, it was reported that Intel sought $2 billion to fund its chip production operations in Leixlip, Ireland. According to the report, Intel has appointed an advisor to attract potential investors for this project. The report cites two knowledgeable sources about the matter. The deal is not finalized, and the information comes from unofficial sources, so it should be taken with a grain of salt. Intel's Fab 34 is currently the most advanced semiconductor manufacturing facility in Europe and the only high-volume semiconductor production site in Europe that employs EUV lithography. The fab makes compute tiles for Intel's Core Ultra Meteor Lake CPUs using the Intel 4 process technology . The same fab will likely make some of the forthcoming Xeon CPUs for the data center. Although substantial, the $2 billion fina
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- 5/1/24 - In-Line
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- BIP's page on the SEC website