Intel (INTC) Jumps 8.8% on Ireland Facility Takeover [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
Intel Corp. rallied for a second day on Wednesday, jumping 8.84 percent to finish at $48.03 apiece, as investors took heart from the $14.2 billion full takeover of its Fab 34 semiconductor facility in Ireland. In a statement, Intel Corp. (NASDAQ:INTC) said that it would reacquire a 49 percent stake in Fab 34 from Apollo Global Management, reflecting its continued business momentum underpinned by the rapidly growing artificial intelligence industry. It can be learned that Intel Corp. (NASDAQ:INTC) sold the said stake to Apollo in 2024 to raise more capital while preserving balance sheet strength that helped the chip manufacturer to unlock and redeploy capital to advance its strategic priorities. Intel (INTC) Jumps 8.8% on Ireland Facility Takeover Photo by Slejven Djurakovic on Unsplash “We thank Apollo for their ongoing partnership on our journey to build a world-class wafer fabrication and advanced packaging foundry anchored in trust, consistency, and execution,” Intel Cor
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